Table 17-7 The Information in the Table Below Shows the Total Demand

question 58

Multiple Choice

Table 17-7
The information in the table below shows the total demand for internet radio subscriptions in a small urban market. Assume that each company that provides these subscriptions incurs an annual fixed cost of $20,000 (per year) and that the marginal cost of providing an additional subscription is always $16.
-Refer to Table 17-7. Suppose there is only one internet radio provider in this market and it seeks to maximize its profit. The company will

• A)sell 2,000 subscriptions and charge a price of $48 for each subscription.
• B)sell 3,000 subscriptions and charge a price of $40 for each subscription.
• C)sell 4,000 subscriptions and charge a price of $32 for each subscription.
• D)sell 5,000 subscriptions and charge a price of $24 for each subscription.

---

Definitions:

Time Of Crime

The specific time during which a criminal act was committed.

Insanity

Insanity is often used colloquially to describe significant mental health problems, but it is formally a legal term for individuals who are unable to understand the nature or quality of their actions during the commission of a crime.

Guilty But Mentally Ill

A legal verdict indicating that the defendant is guilty of the crimes committed but was also suffering from mental illness at the time, which may influence sentencing and treatment.

Plead

To make an explanation or argument, especially in a legal case, or to express something as an excuse.