Table 17-4

question 348

Multiple Choice

Table 17-4. The information in the table below shows the total demand for high-speed Internet subscriptions in a small urban market. Assume that each company that provides these subscriptions incurs an annual fixed cost of $200,000 (per year) and that the marginal cost of providing an additional subscription is always $80.

-Refer to Table 17-4.Suppose there is only one high-speed Internet service provider in this market and it seeks to maximize its profit.The company will

• A) sell 6,000 subscriptions and charge a price of $200 for each subscription.
• B) sell 8,000 subscriptions and charge a price of $160 for each subscription.
• C) sell 10,000 subscriptions and charge a price of $120 for each subscription.
• D) sell 12,000 subscriptions and charge a price of $80 for each subscription.

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Definitions:

Oversupply Of Nurses

A situation where the number of available nursing professionals exceeds the demand or available positions in the healthcare sector.

Centralized Planning

An organizational approach where decision-making and planning processes are concentrated in a central location or group, often associated with governmental or large organizations' initiatives.

Nursing Home Care

Specialized residential care provided to elderly or disabled individuals who require constant medical and personal attention.

Medicare

A federal health insurance program in the United States primarily for people aged 65 and older, as well as for younger people with certain disabilities.