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Suppose Spectrum is the only cable TV provider in a city. The table below shows the market demand schedule and the firm's total costs. Price Quantity TC ($/month) (subscribers) ($/month) 66 3,500 257,250 62 4,500 275,250 58 5,500 295,250 54 6,500 317,250 50 7,500 341,250 46 8,500 367,250 42 9,500 395,250 Spectrum's economic profit per subscriber is $ A (enter a number rounded to two decimal places, example: 9.99)

Suppose Spectrum is the only cable TV provider in a city. The table below shows the market demand schedule and the firm's total costs. Price Quantity TC ($/month) (subscribers) ($/month) 66 3,500 257,250 62 4,500 275,250 58 5,500 295,250 54 6,500 317,250 50 7,500 341,250 46 8,500 367,250 42 9,500 395,250 Spectrum's economic profit per subscriber is $ A (enter a number rounded to two decimal places, example: 9.99)

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Suppose Spectrum is the only cable TV provider in a city. The table below shows the market demand schedule and the firm's total costs. Price Quantity TC ($/month) (subscribers) ($/month) 66 3,500 257,250 62 4,500 275,250 58 5,500 295,250 54 6,500 317,250 50 7,500 341,250 46 8,500 367,250 42 9,500 395,250 Spectrum's economic profit per subscriber is $ A (enter a number rounded to two decimal places, example: 9.99)
Transcribed Image Text:Suppose Spectrum is the only cable TV provider in a city. The table below shows the market demand schedule and the firm's total costs. Price Quantity TC ($/month) (subscribers) ($/month) 66 3,500 257,250 62 4,500 275,250 58 5,500 295,250 54 6,500 317,250 50 7,500 341,250 46 8,500 367,250 42 9,500 395,250 Spectrum's economic profit per subscriber is $ A (enter a number rounded to two decimal places, example: 9.99)
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