Refer to the information provided in Figure 13.10 below to answer the question(s) that follow. Figure 13.10 Refer to Figure 13.10. If Armstrong Cable were free to sell to any number of subscribers it desires and set any price, it would sell to ________ subscribers at a price of ________.
A. 1,000; $16
B. 2,500; $12
C. 800; $15
D. 2,200; $13
Answer: A
Economics
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A productivity slowdown was observed from the
A) early 1950s to the late 1960s. B) early 1960s to the early 1970s. C) late 1960s to the early 1980s. D) mid-1980s to the late 1990s.
Economics
Suppose that there are only two fishermen, Zach and Jacob, who fish along a certain coast. They would each benefit if a lighthouse were built along the coast where they fish. The marginal cost of building each additional lighthouse is $150. The marginal benefit to Zach of each additional lighthouse is 90 - Q, and the marginal benefit to Jacob is 40 - Q, where Q equals the number of lighthouses. What is the efficient number of lighthouses?
What will be an ideal response?
Economics