Solve

Suppose a cable company provides cable service to a small town. The total revenue, marginal revenue, total cost, and marginal cost of providing various quantities of cable subscriptions (units in thousands per month) are presented in the table below. Quantity Price Total Revenue Marginal Revenue Total Cost Marginal Cost 170 $0 0 168 168 168 180 166 180 332 164 270 GAWN- C 90 164 492 160 330 60 162 648 156 420 90 160 800 152 660 240 158 948 148 860 300 Assume the local cable company is a monopoly. To maximize profits, the monopoly should produce 4 (thousand) units. (Enter a numeric response using an integer.) At that level of output, the cable company will eam economic profits of $ (thousand per month)