Suppose a cable company provides cable service to a small town. The total revenue, marginal revenue,...
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Suppose a cable company provides cable service to a small town. The total revenue, marginal revenue, total cost, and marginal cost of providing various quantities of cable subscriptions (units in thousands per month) are presented in the table below. Quantity 0 Price 171 Total Revenue Marginal Revenue $0 Total Cost 0 Marginal Cost 1 168 168 168 180 180 2 165 330 162 270 90 3 162 486 156 330 60 159 636 150 420 90 5 156 780 144 660 240 6 153 918 138 960 300 Assume the local cable company is a monopoly. To maximize profits, the monopoly should produce numeric response using an integer.) (thousand) units. (Enter a Suppose a cable company provides cable service to a small town. The total revenue, marginal revenue, total cost, and marginal cost of providing various quantities of cable subscriptions (units in thousands per month) are presented in the table below. Quantity 0 Price 171 Total Revenue Marginal Revenue $0 Total Cost 0 Marginal Cost 1 168 168 168 180 180 2 165 330 162 270 90 3 162 486 156 330 60 159 636 150 420 90 5 156 780 144 660 240 6 153 918 138 960 300 Assume the local cable company is a monopoly. To maximize profits, the monopoly should produce numeric response using an integer.) (thousand) units. (Enter a
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