Question 8Suppose Westland is the only cable TV provider in a city. The table below shows the demand schedule the firm faces and its totalcosts. What is Westland's optimal number of subscribers?OPrice($/month)Typed numeric answer will be automatically saved.Question 95654525048Quantity(subscribers)20,00024,00028,00032,00036,000Total cost($/month)1,000,0001,156,0001,316,0001,480,0001,648,000♫ Question 9In the scenario above, Westland's optimal price is $Typed numeric answer will be automatically saved.ⒸQuestion 10in the scenario above, what is Westland's profit? (5)Typed numeric answer will be automatically saved.EQ

Total cost is the total cost of production, which includes both fixed and variable costs. Marginal…

Suppose Westland is the only cable TV provider in a city. The table below shows the demand schedule the firm faces and its total costs. What is Westland's optimal number of subscribers? @ Price Quantity ($/month) (subscribers) Question 9 56 54 52 Typed numeric answer will be automatically saved 50 48 20,000 24,000 28,000 32,000 36,000 Total cost ($/month) 1,000,000 1,156,000 1,316,000 1,480,000 1,648,000

Suppose Westland is the only cable TV provider in a city. The table below shows the demand schedule the firm faces and its total costs. What is Westland's optimal number of subscribers? @ Price Quantity ($/month) (subscribers) Question 9 56 54 52 Typed numeric answer will be automatically saved 50 48 20,000 24,000 28,000 32,000 36,000 Total cost ($/month) 1,000,000 1,156,000 1,316,000 1,480,000 1,648,000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

8 7 2 Marginal revenue MC-AC (A) $920 (A) Seniors B) $580 Senior demand C) $300 D) $280 200 300 Number of meals 10 8 2 Figure 7.6 (B) Non-Seniors Marginal revenue Figure 7.6 shows prices, demands, and cost data for the only restaurant in a small town. Compared to the profit under the single price policy, how much additional profit does the restaurant earn under the senior discount policy of a $7 senior price and a $10 non-senior price? MC-AC Non-Senior demand 320 380 Number of meals
B Product Product A Product B Product C Product D Widget 1 Widget 2 Widget 3 Gadget X Gadget Y Gadget Z 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Required: 17 Calculate the following statistics for both Advertising Expenses and Sales: 18 Advertising Expense Sales Advertising Expense $36,900 $38,000 $33,000 $25,900 $26,000 $42,987 $39,008 $42,009 $19,067 $61,002 C $19,067 $61,002 $135,568,977 $8,268 $36,387 $37,450 $41,935 $27,750 $41,259 Sales $83,025 $85,500 $74,250 $90,650 $91,000 $150,455 $70,214 $75,616 $34,321 $244,008 $34,321 $244,008 $3,378,809,900 19 Minimum 20 Maximum 21 Variance 22 Standard Deviation 23 Mean 24 Median 25 Range 26 1st Quartile 27 3rd Quartile 28 88th Percentile 29 Inner Quartile Range 30 31 What is the correlation between the amount spent on advertising and the sales of a product? 32 33 Correlation 34 35 This number indicates a 36 $58,128 $99,904 $84,263 $209,687 $74,592 $90,913 O relationship between the two variables
1) What is total fixed cost at the profit-maximizing quantity? 2) Below what price will the firm shut-down? 3) What are operating losses / profit (If the firm does not shut-down)?
For distract driving
Typed plz and asap thanks please provide me a quality solution I will give thumsup surely take care of plagiarism
Question 25 (a) (b) MC Price ATC MC ATC Price MR AMR Quamity Quantity (c) (d) Price Price MC MC ATC ATC .D Quantity Quantity If the above images are representative of the average firm in a monopolistically competitive market, for which diagram would you expect firms to exit the market? (a) (b)
(A) The Marginal cost of a firm is $230 and the marginal revenue is $255 What would be the value of Marginal profit (B) is the firm maximizing its profit?
Typed plz and asap please provide me a quality solution for better rating and take care of plagiarism also
Activity Frame A 2191 A 1878 1565 n 1252 939 626 0 A + + 0 5 10 TOTAL REVENUE (Dollars) 3130 2817 2504 MARGINAL REVENUE (Dollars) 313 Calculate the total revenue if the firm produces 10 versus 9 units. Then, calculate the marginal revenue of the 10th unit produced. The marginal revenue of the 10th unit produced is $ Calculate the total revenue if the firm produces 20 versus 19 units. Then, calculate the marginal revenue of the 20th unit produced. The marginal revenue of the 20th unit produced is $ 250 Based on your answers from the previous question, and assuming that the marginal revenue curve is a straight line, use the black line (plus symbol) to plot the firm's marginal revenue curve on the following graph. 225 200 175 150 125 100 75 50 25 0 15 20 25 30 35 40 QUANTITY (Number of units) -25 -50 0 A 45 50 5 10 15 Total Revenue 20 25 30 35 QUANTITY (Units) 40 45 50 Marginal Revenue (?) Comparing your total revenue graph to your marginal revenue graph, you can see that total revenue is…
Price L M N 0 K MC ATC MR F G Output The profit-maximizing firm will be earning total revenue of OFIN OFJM OFKL OGHM
Walmart overview of ratios to a competitor and how could they be improved?
Use the above figure. Total revenue at the profit-maximizing output is