Note:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure. 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 inthousands per month) are presented in the table below.Quantity012345Price50474441383532Total Revenue$04788123152175192Marginal Revenue474136292317Total Cost06090110140220320Marginal Cost6030203080100Assume the local cable company is a monopoly. To maximize profits, the monopoly should produce (thousand) units. (Enter a numeric response using an integer)At that level of output, the cable company will eam economic profits of $(thousand per month)

A monopoly is a single-seller market. In such a market, a firm acts as a price maker. It maximises…

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 1 T 2 3 Price 50 47 44 41 38 35 32 Total Revenue $0 47 88 123 152 175 102 Marginal Revenue 47 41 36 29 23 17 Total Cost 0 60 90 110 140 220 320 Marginal Cost 60 30 20 30 80 100 Assume the local cable company is a monopoly. To maximize profits, the monopoly should produce (thousand) units. (Enter a numeric response using an integer) At that level of output, the cable company will eam economic profits of $(thousand per month)

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 1 T 2 3 Price 50 47 44 41 38 35 32 Total Revenue $0 47 88 123 152 175 102 Marginal Revenue 47 41 36 29 23 17 Total Cost 0 60 90 110 140 220 320 Marginal Cost 60 30 20 30 80 100 Assume the local cable company is a monopoly. To maximize profits, the monopoly should produce (thousand) units. (Enter a numeric response using an integer) At that level of output, the cable company will eam economic profits of $(thousand per month)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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16.08 B AudioPlus buys the rights to be the only streaming platform to play music from a popular artist. AudioPlus pays $400,000 a year for this artist and the marginal cost of providing this artist's music is zero. AudioPlus' economist realizes they have two groups of customers: the 6,000 hard-core fans of this artist who will pay up to $400 a year to be able to listen to this artist's music; and the 80,000 casual music fans who will pay up to $40 a year to listen to this artist's music. If AudioPlus can price discriminate, what is its maximum profit? Type your numeric answer and submit
Explain the methods used toallocate the integratedmarketing communications(IMC) budget.
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Use the table below to answer the following questions:QuantityDemand (Price)Marginal RevenueMarginal CostAverage Cost1$120012005005002110010002753883100080022533349006002503135800400400330670020050035876000700407 Are there consumers who want the product but are not willing to pay the profit-maximizing price the firm will charge? How can you tell?If the firm could charge every consumer exactly what that consumer was willing to pay (called perfect price discrimination), would the quantity the firm produced increase, decrease, or remain the same? Would the firm’s profits increase, decrease, or remain the same? Explain your answers.
What does marginal mean ? Can you give an example on why this term is crucial concept in economics discussion of behavior of consumer and supplier.
4. Profit maximization and loss minimization BYOB is a monopolist in beer production and distribution in the imaginary economy of Hopsville. Suppose that BYOB cannot price-discriminate; that is, it sells its beer at the same price per can to all customers. The following graph shows the marginal cost (MC), marginal revenue (MR), average total cost (ATC), and demand (D) for beer in this market. Place the black point (plus symbol) on the graph to indicate the profit-maximizing price and quantity for BYOB. If BYOB is making a profit, use the green rectangle (triangle symbols) to shade in the area representing its profit. On the other hand, if BYOB is suffering a loss, use the purple rectangle (diamond symbols) to shade in the area representing its loss. 4.00 3.50 Monopoly Outcome 3.00 ATC 2.50 Profit 2.00 Loss 1.50 MC 1.00 0.50 MR 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 QUANTITY (Thousands of cans of beer) Suppose that BYOB charges $2.75 per can. Your friend Brian says that since BYOB is a…
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Exercise 3.1 A publisher must take a decision on the pricing of a new book based on the following demand estimates: Price 100 90 80 70 60 50 40 30 20 10 0 Number of copies demanded 0 100 000 200 000 300 000 400 000 500 000 600 000 700 000 800 000 900 000 1 000 000 According to his contract, the writer gets two million euros for writing the book and the marginal cost of publishing the book is constant at €10 per book. a) Calculate the total income, total cost and profit corresponding to each amount. How many books would a profit-maximizing publisher print? What price would she charge? (b) Calculate the marginal revenue. What is the difference between marginal revenue and price? Explain your answer. c) Draw the curves of marginal revenue, marginal cost and demand. For what output level does the marginal revenue curve cut the marginal cost curves? What does that mean?
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Metropolitan Utilities District currently charges residents in Omaha $1.23 per cubic feet of water use for each home's first 900 cubic feet of water used, $1.73 per cubic feet of water use for each home's usage rate between 900 and 3,000 cubic feet, and $2.22 per cubic feet of water use for anything over 3,000 cubic feet of use. The pricing structure is an example of: over-use and inefficient pricing. too few water permits being traded on the local water market. block pricing. conservation pricing.