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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.
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.
A. What is Westland's optimal number of subscribers?
B. In the scenario above, Westland's optimal price is $_
C. In the scenario above, what is Westland's profit? ($)
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 1,648,000Step by Step Solution
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