Suppose Spectrum is the only cable TV provider in a city. The table below shows the market demand schedule and the firm's total costs. Price Quantity TC ($/month) (subscribers) ($/month) 66 3,500 257,250 62 4,500 275,250 58 5,500 295,250 54 6,500 317,250 50 7,500 341,250 46 8,500 367,250 42 9,500 395,250 Spectrum's economic profit per subscriber is $ A (enter a number rounded to two decimal places, example: 9.99)

Suppose Spectrum is the only cable TV provider in a city. The table below shows the market demand schedule and the firm's total costs. Price Quantity TC ($/month) (subscribers) ($/month) 66 3,500 257,250 62 4,500 275,250 58 5,500 295,250 54 6,500 317,250 50 7,500 341,250 46 8,500 367,250 42 9,500 395,250 Spectrum's economic profit per subscriber is $ A (enter a number rounded to two decimal places, example: 9.99)

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

ChapterB: Differential Calculus Techniques In Management

Section: Chapter Questions

Problem 3E

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