Question: The graph to the right depicts the demand for cable subscriptions from a local cable company along with the average total cost and marginal cost


The graph to the right depicts the demand for cable subscriptions from a local cable company along with the average total cost and marginal cost of producing cable subscriptions. Suppose the local cable company is a monopoly 96 00 ATC What is the profit-maximizing quantity of cable subscriptions? 30 72 60 mum thousand subscriptions per month. (Enter a numeric response using an integer) Prion and cost idollars per subsorph 60.00 RICH What is the corresponding profit-maximizing price? $ per subscription. (Enter a numeric response using a real number rounded to two decimal places) Calculate the local cable company's profits, $ thousand per month. (Enter a numeric MR response using a real number rounded to two decimal places.) 36 90 Quantity of cable subscriptions iper month in thousands
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
