(Scenario: a Small-Town Monopolist)Use Scenario: a Small-Town Monopolist

question 104

Multiple Choice

(Scenario: A Small-Town Monopolist) Use Scenario: A Small-Town Monopolist.If this monopolist must choose between selling 100 or 175 subscriptions,it will choose to sell _____ units at a price of _____ and earn economic profits equal to _____. Scenario: A Small-Town Monopolist
A monopolist sells cable subscriptions in a small town and finds that it can sell 100 subscriptions when the price is $15 a week and 175 subscriptions when the price is $10 a week.The MC for the provision of the cable is $5 a week.There are no fixed costs.

• A)175;$10;$500
• B)100;$15;$1,000
• C)175;$15;$1,000
• D)100;$10;$750

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Definitions:

Overall Unemployment Rate

The percentage of the labor force that is jobless and actively seeking employment within the total economy.

Unemployment

A condition where individuals who are capable of working and are actively seeking work are unable to find employment.

Discouraged Workers

People who are not actively seeking employment due to believing no jobs are available for them or there are no positions for which they would qualify.

Unemployed

The condition of being jobless despite actively searching for work within the recent past.