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

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Definitions:

Depositional

Pertaining to the geological process in which sediments, soil, and rocks are added to a landform or landmass through the action of wind, water, or ice.

Lava Flow

Molten rock that erupts onto the Earth's surface during a volcanic eruption, which cools and solidifies into igneous rock.

Dike Unit

A vertical or steeply inclined sheet of rock that is created when magma intrudes into a crack then solidifies.

Depositional

Relating to the process in which material is laid down or deposited by various means, including water, wind, or ice.