Answered step by step
Verified Expert Solution
Question
1 Approved Answer
mathxl.com/Student/PlayerHomework.aspx?homeworkld=610075659&questionld=26&flushed=true&cld=6700471¢erwin=yes 21F-ECON101-010/011 Natalija Penev & | 12/05/21 3:49 PM Question 14, End of Cha... HW Score: 1.67%, 1 of 60 points Homework: MyLab: Chapter 15
mathxl.com/Student/PlayerHomework.aspx?homeworkld=610075659&questionld=26&flushed=true&cld=6700471¢erwin=yes 21F-ECON101-010/011 Natalija Penev & | 12/05/21 3:49 PM Question 14, End of Cha... HW Score: 1.67%, 1 of 60 points Homework: MyLab: Chapter 15 Part 1 of 4 Points: 0 of 3 Save Suppose that Comcast has a cable monopoly in Philadelphia. The following table gives Comcast's demand and costs per month for subscriptions to basic cable (for simplicity, we keep the number of subscribers artificially small). Total Marginal Total Marginal Price Quantity Revenue Revenue Cost Cost 51 153 108 48 192 39 129 21 45 225 33 153 24 CO VOUTAU 42 252 27 180 27 39 273 21 210 30 36 288 15 243 33 Suppose the local government imposes a $74 per month tax on cable companies. What will Comcast do? (Assume fixed costs equal $45.) O A. Comcast should shut down in the short run and produce 6 units in the long run. O B. Comcast should produce 6 units in the short run and shut down in the long run. O C. Comcast should produce 6 units in the short run and in the long run. O D. Comcast should shut down in the short run and in the long run. O E. None of the above. Help me solve this Etext pages Get more help - Clear all Check answer Question Viewer
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started