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Economic Suppose Westland is the only cable TV provider in a city. The table below shows the demand schedule the firm faces and its total
Economic
Suppose Westland is the only cable TV provider in a city. The table below shows the demand schedule the firm faces and its total costs. What is Westland's optimal number of subscribers? Price Quantity Total cost ($/month) (subscribers) ($/month) 56 20,000 1,000,000 54 24,000 1,156,000 52 28,000 1,316,000 50 32,000 1,480,000 48 36,000 1,648,000 Typed numeric answer will be automatically saved.In the scenario above, Westland's optimal price is $ Typed numeric answer will be automatically saved.In the scenario above, what is Westland's profit? ($) Typed numeric answer will be automatically savedStep by Step Solution
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