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:

Water Pollution

The contamination of water bodies (e.g., lakes, rivers, oceans, aquifers) due to harmful substances or activities, which degrades water quality and affects aquatic ecosystems and human health.

Developing Countries

Nations with a lower level of industrialization, lower living standards, and a lower Human Development Index (HDI) relative to other countries.

Illnesses

Health conditions characterized by the impairment of an individual's normal physiological function.

Acid Rain

Precipitation that is significantly more acidic than normal, caused by emissions of sulfur dioxide and nitrogen oxide from industrial activities, which can damage forests, lakes, and buildings.