The graph shows the demand curve for cable television. Assume that monopoly conditions apply. What is the firm's total revenue when selling cable television to 6 houses?
The graph shows the demand curve for cable television. Assume that monopoly conditions apply. What is the firm's total revenue when selling cable television to 6 houses?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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How do I figure out the second part?
![The graph shows the demand curve for cable television.
Assume that monopoly conditions apply.
What is the firm's total revenue when selling cable television
to 6 houses?
total revenue: $
72
What is the firm's marginal revenue from selling cable
television to the 13th house?
5
marginal revenue: $
Incorrect
Price ($)
13
32
12
6
0
Demand
I
1
1
I
I
56
I
1
i
I
I
I
12 13
Quantity (houses)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe5b66953-d8c0-491f-82b9-53ac9723ea16%2Fbcf6af3a-19bf-4dba-a71c-6f595b7f1021%2F5vbyv9s_processed.png&w=3840&q=75)
Transcribed Image Text:The graph shows the demand curve for cable television.
Assume that monopoly conditions apply.
What is the firm's total revenue when selling cable television
to 6 houses?
total revenue: $
72
What is the firm's marginal revenue from selling cable
television to the 13th house?
5
marginal revenue: $
Incorrect
Price ($)
13
32
12
6
0
Demand
I
1
1
I
I
56
I
1
i
I
I
I
12 13
Quantity (houses)
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