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

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