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Determining the demand for the robot

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Reference no: EM131108133

Suppose that Firm A and Firm B are two of the largest producers of a special pool-cleaning robot. Suppose that the marginal cost of making such a robot is constant at $1,500 per unit and there is no start-up cost. The demand for the robot is described by the following table.

Price

Quantity

TR(Millions)

MR

MC (Millions)

TC

Profit

   $8,500

5,500

46.75

0

0

7,500

6,500

48.75

2 million

1.5

6,500

7,500

48.75

0

1.5

5,500

8,500

46.75

2 million

1.5

4,500

9,500

42.75

4 million

1.5

3,500

10,500

36.75

6 million

1.5

2,500

11,500

28.75

6 million

1.5

1,500

12,500

18.75

10 million

1.5

Reference no: EM131108133

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