Table 17-5 The Information in the Table Below Shows the Total Demand

question 13

Multiple Choice

Table 17-5
The information in the table below shows the total demand for premium-channel digital cable TV subscriptions in a small urban market. Assume that each digital cable TV operator pays a fixed cost of $200,000 (per year) to provide premium digital channels in the market area and that the marginal cost of providing the premium channel service to a household is zero.
-Refer to Table 17-5. If there is only one digital cable TV company in this market, what price would it charge for a premium digital channel subscription to maximize its profit?

• A)$30
• B)$60
• C)$90
• D)$150

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Definitions:

Positivistic Social Science

An approach in social science that emphasizes empirical data and scientific methods to understand social phenomena.

Radical Behaviorists

A group of psychologists who focus on observable behaviors as the primary basis for psychological study, emphasizing the environment's role over internal processes.

Covert Behaviors

Refers to actions or behaviors that are hidden or not visible to others, often used in the context of psychological and sociological studies.

Emotion Management

The practice of controlling and regulating one's own emotions or those of others, especially in professional or social settings.