The above figure represents the market for cable television in Oakland, Florida. Time Warner Communications (TWC) is the sole provider of cable television to the residents of this Central Florida community. If TWC operated under an average cost pricing rule, how many households in Oakland are served? 20,000 30,000 10,000 40,000

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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100%
Price and cost (dollars)
50
40
30
20
ATC
10
MC
MR
10
20
30
40
50
Quantity (thousands of households)
The above figure represents the market for cable television in Oakland, Florida. Time
Warner Communications (TWC) is the sole provider of cable television to the
residents of this Central Florida community. If TWC operated under an average cost
pricing rule, how many households in Oakland are served?
20,000
30,000
10,000
40,000
Transcribed Image Text:Price and cost (dollars) 50 40 30 20 ATC 10 MC MR 10 20 30 40 50 Quantity (thousands of households) The above figure represents the market for cable television in Oakland, Florida. Time Warner Communications (TWC) is the sole provider of cable television to the residents of this Central Florida community. If TWC operated under an average cost pricing rule, how many households in Oakland are served? 20,000 30,000 10,000 40,000
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