Consider a monopolist that sells cable subscriptions. When the price is $10 a week, it can sell 175 subscriptions. When the price is $15 a week, it can sell 100 subscriptions. The monopolist has fixed costs of $200. The MC for the provision of the cable is $6 a week. If this monopolist must choose between selling 100 or 175 subscriptions, it will choose to sell units at a price of and earn economic profits equal to 175; $10; $700 100; $15; $700 175; $15; $900 100; $15; $900 none of the above

Consider a monopolist that sells cable subscriptions. When the price is $10 a week, it can sell 175 subscriptions. When the price is $15 a week, it can sell 100 subscriptions. The monopolist has fixed costs of $200. The MC for the provision of the cable is $6 a week. If this monopolist must choose between selling 100 or 175 subscriptions, it will choose to sell units at a price of and earn economic profits equal to 175; $10; $700 100; $15; $700 175; $15; $900 100; $15; $900 none of the above

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter9: Monopoly

Section: Chapter Questions

Problem 7SQP

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The dogram at the age shows the demand carve, god revenue curve, and cost curvat for a monopolist that owns the only golf courses on Eage hland The monopolist's products 18-hole golf gemees 8. What is the prot manung pece and output number of rounds of got per week) for the monopolist on Eagle land? The prott mauming outpat (number of rounds of golf per week) for the monopolist on Eagle and 80 rounds (Round your response to the nearest whole number) (Round your The prott maxing price for the monopoled on Eagle Blandis response to the post dotar D Price (dollars per round of golf) 250- 225- 200- 175- 150- 125- 100- 75- 50- 25- 0 20 MC ATC D EMR 40 60 80 100 120 140 160 180 200 Quantity (rounds of golf per week)