Gouge-em Cable company is the only cable television service company license to operate in backwater country.

lent Aid X Session Expired - FAFSA on the X MindTap - Cengage Learning X G Suppose that you produce and X | Th Dashboard x + .cengage.com/staticb/ui/evo/index.html?eISBN=9781305648173&snapshotld=2241631&id=1086315163& * *Paused CENGAGE | MINDTAP Q Search this course Critical Analysis Questions (Ch 11) X Gouge-em Cable Company is the only cable television service company licensed to operate in Backwater County. Most of its costs are access fees and maintenance expenses. These fixed costs total $640,000 monthly. The marginal cost of adding another subscriber to its system is constant at $2 per ly Tools month. Gouge-em's demand curve can be determined from the data in the accompanying table. Complete the following table by computing the total revenue, total cost, and profit at each of the various subscription prices. ips Number of Subscribers Total Revenue Fixed Cost Total Cost Profit ips Subscription Price (Thousands Per Month) ($, Thousands) ($, Thousands) ($, Thousands) ($, Thousands) $25 20 $ $640 20 40 $640 15 60 $640 Is 10 80 $640 5 100 $640 150 $640 ples of IIII Gouge-em will charge for its cable services, earning them a profit of $ thousand. Now suppose the Backwater County Public Utility Commission has the data and believes that cable subscription rates in the county are too expensive and that Gouge-em's profits are unfairly high. What regulated price will the Backwater County Public Utility Commission set so that Gouge-em makes only a normal rate of return on its investment? $5 O $10 O $15 O $20 C G Search or type URL + % & NO 4 8 9 0