Table 10-3 Assume Table 10-3 Gives the Monthly Demand and Costs for Quantity

question 171

Multiple Choice

Table 10-3
$\begin{array}{|c|c|c|c|c|c|}\hline \text { Price } & \text { Quantity } & \begin{array}{l}\text { Total } \\\text { Revenue }\end{array} & \begin{array}{c}\text { Marginal } \\\text { Revenue }\end{array} & \text { Total Cost } & \begin{array}{c}\text { Marginal } \\\text { Cost }\end{array} \\\hline \$ 17 & 3 & \$ 51 & \cdots & \$ 56 & \cdots \\\hline 16 & 4 & 64 & \$ 13 & 63 & \$ 7 \\\hline 15 & 5 & 75 & 11 & 71 & 8 \\\hline 14 & 6 & 84 & 9 & 80 & 9 \\\hline 13 & 7 & 91 & 7 & 90 & 10 \\\hline 12 & 8 & 96 & 5 & 101 & 11 \\\hline\end{array}$ Assume Table 10-3 gives the monthly demand and costs for subscriptions to basic cable for Comcast, a cable television monopoly in Philadelphia.
-Refer to Table 10-3.If Comcast wants to maximize its profits,what price (P) should it charge and how many cable subscriptions per month (Q) should it sell?

• A) P = $12; Q = 8
• B) P = $14; Q = 6
• C) P = $16; Q = 4
• D) P = $15: Q = 5

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Definitions:

Concentric

Defined by objects sharing a common center, often used in physics and geometry.

Interstitial

Space within tissue. Interstitial growth is growth from within.

Appositional

A mode of growth by the addition of new layers on the surface of existing tissues or structures.

Oppositional

Refers to movements involving resistance or actions that counteract another, often used in the context of psychology or physical movements.