The Demand for Cable Television Hookups Is Q = 100

question 40

Multiple Choice

The demand for cable television hookups is Q = 100 - 10P^0.5 + 2I², where P is price and I is per capita income. Cable TV is

• A) a normal good.
• B) a natural monopoly.
• C) an inferior good.
• D) a substitute good.
• E) a complement good.

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Definitions:

Flexible Working Hours

An arrangement that allows employees to vary their arrival and departure times, or choose their working hours, to accommodate personal needs and improve work-life balance.

Compressed Workweek

A work schedule that allows an employee to work a full-time job in fewer than the standard five days.

Work Sharing

An employment arrangement where two or more people share the responsibilities, hours, and benefits of a single full-time job.

Job Sharing

An employment arrangement where two or more individuals share the responsibilities, duties, and earnings of a single full-time job.