(Transcript of audio with descriptions. Transcript includes narrator headings and description headings of the visual content)
(Speaker)
For part B, you were asked to find the revenue for each fleet, assuming the collude and share the output equally.
(Description)
The table from the previous slide is shown. The only difference is that the values in the column, Total Revenue, are simplified. Now the column, Total Revenue, consists of the following values starting from the first row: 30 thousand 600 dollars, 32 thousand dollars, 31 thousand 500 dollars, 30 thousand 800 dollars, 27 thousand 600 dollars, respectively.
The following text is briefly written above the table:
If both fleets collude and share the output equally, what is the revenue to the EU fleet? To the U.S. fleet?
(Speaker)
You can see that we included the table from part A to help. In part A, we found that total revenue was maximized at 32 thousand dollars with 2000 pounds of fish being caught.
Since both fleets will split output equally, each fleet will have revenue equal to 16 thousand dollars and catch 1000 pounds.
(Description)
The following text is written above the table:
If both fleets collude, what is the revenue maximizing output for the North Atlantic fishery? What price will a pound of fish sell for? It may help to calculate total revenue.
The second row of the table is highlighted. The cell with the value of, 32000 dollars, is labeled as If both EU and US cooperate, they will each catch 1000 pounds and earn 16000 in revenue.