Table 15-3 Assume Table 15-3 Gives the Monthly Demand and Costs for Monthly

question 63

Multiple Choice

Table 15-3

Assume Table 15-3 gives the monthly demand and costs for subscriptions to basic cable for Comcast, a cable television monopoly in Philadelphia.
-Refer to Table 15-3.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

---

Definitions:

Court

A governmental institution responsible for administering justice through interpreting laws, resolving disputes, and deciding criminal or civil cases.

Chapter 13

A type of bankruptcy in the United States that allows individuals earning a regular income to develop a plan to repay all or part of their debts.

Payment

The transfer of money, goods, or services from one party to another in exchange for something of value, completing a transaction.

Debtor's Obligations

The responsibilities or duties a borrower must fulfill, such as repaying borrowed money, according to agreed-upon terms.