TC,=25+3Q TC=15+4Q TC,=20+6Q (TC is in hundreds of dollars,Q is in cartons per month picked and shipped.) a.Tabulate total average,and marginal cofor for output leve between 1 and 5c tons per month (i.e.,for 1,2,3,4,and 5 cartons). The following tables give total,average,and marginal costs for each firm Firm 1 Firm2 Units T℃ AC MC TC AC MC 0 a. 55 345 21.67 0 39157 Firm 3 Firm 4 Units TC AC MC TC AC MC 0 19 20 2345 00 41203% 115 b. If the cartel decided to ship 10 cartons pe er month and set a price of 25 per carton,how should output be allocated among the firms? The cartel shoul assign production such that the lowest marginal cost is achieved for each unit,i.e. Cartel Firm Unit Assigned Assigned 231 345 456789 423124 6912151518TC2 = 25 + 3Q2 2 TC3 =15+4Q3 2 TC4 = 20+6Q4 2 (TC is in hundreds of dollars, Q is in cartons per month picked and shipped.) a. Tabulate total, average, and marginal costs for each firm for output levels between 1 and 5 cartons per month (i.e., for 1, 2, 3, 4, and 5 cartons). The following tables give total, average, and marginal costs for each firm. Firm 1 Firm 2 Units TC AC MC TC AC MC 0 20 _ _ 25 _ _ 1 25 25 5 28 28 3 2 40 20 15 37 18.5 9 3 65 21.67 25 52 17.3 15 4 100 25 35 73 18.25 21 5 145 29 45 100 20 27 Firm 3 Firm 4 Units TC AC MC TC AC MC 0 15 _ _ 20 _ _ 1 19 19 4 26 26 6 2 31 15.5 12 44 22 18 3 51 17 20 74 24.67 30 4 79 19.75 28 116 29 42 5 115 23 36 170 34 54 b. If the cartel decided to ship 10 cartons per month and set a price of 25 per carton, how should output be allocated among the firms? The cartel should assign production such that the lowest marginal cost is achieved for each unit, i.e., Cartel Unit Assigned Firm Assigned MC 1 2 3 2 3 4 3 1 5 4 4 6 5 2 9 6 3 12 7 1 15 8 2 15 9 4 18