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ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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![The following graph shows the identical demand for all the individuals using TV cable services.
6 Price in $ per hour
4
2
0
2
a. $8
b. $16
c. $24
d. $32
Quantity in hours per month
8
10
The producer or the provider faces the marginal cost of $1. Find the total revenue that provider
earns at the profit-maximizing two-part tariff.](https://content.bartleby.com/qna-images/question/d9f253fa-0ccf-4ba9-b1af-fcbd42956d6e/9f7163a2-7822-40c0-a5af-1ab034b3bbf9/tbts0r8i_thumbnail.png)
Transcribed Image Text:The following graph shows the identical demand for all the individuals using TV cable services.
6 Price in $ per hour
4
2
0
2
a. $8
b. $16
c. $24
d. $32
Quantity in hours per month
8
10
The producer or the provider faces the marginal cost of $1. Find the total revenue that provider
earns at the profit-maximizing two-part tariff.
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