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

question 125

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 maximizes its profits how much profit will it earn?

• A) $84
• B) $40
• C) $4
• D) Comcast will break even.

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Definitions:

Prima Facie

A legal term indicating that upon initial examination, there is sufficient evidence to prove a case unless disproved by opposing evidence.

Title VII

A section of the Civil Rights Act of 1964 that prohibits employment discrimination based on race, color, religion, sex, or national origin.

Quid Pro Quo

A Latin term meaning "something for something," indicating a mutual agreement where each party receives something of value in exchange for something else.

Sexual Harassment

A type of sexual discrimination.