Refer to Scenario 13

question 58

Multiple Choice

Refer to Scenario 13.1 below to answer the question(s) that follow.
SCENARIO 13.1: The government of Catalina Island is currently inviting investors to bid for the exclusive right to provide cable television service to its residents. The market demand for this service is P = 55 - 0.01Q, where Q is the number of households that would subscribe to the cable service and P is the monthly fee charged to the subscribers. The associated marginal revenue curve is MR = 55 - 0.02Q. Universal Entertainment is interested in bidding for the right to provide cable service on Catalina Island. It has a constant average and marginal cost of $15 for providing cable service to each household.
-Refer to Scenario 13.1. If Universal Entertainment were to be awarded the exclusive right to provide cable service on Catalina Island, how many households would it service?

• A) 2,000
• B) 2,750
• C) 4,000
• D) 5,500

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Definitions:

Pretreatment Medication

Medication given before a medical procedure or treatment to prevent or minimize potential side effects.

Limb Restraints

Devices or methods employed to restrict the movement or mobility of the limbs, typically used for medical or safety reasons.

Vegetative Signs

Physical symptoms primarily associated with severe depression or other psychiatric conditions, such as changes in sleep, appetite, or energy levels.

Laxatives

Substances taken to stimulate bowel movements or to relieve constipation by softening the stool.