The demand in the market for cable TV

in Smalltown is represented by thenormaldemand function: Q = 100 - P. Jimbob Cable is the only cable provider in the area. Suppose that there

areno fixedcosts to Jimbob associated with the supply of cable subscriptions and that for each subscription

Jimbob provides he incurs a (constant) $20 marginal cost (i.e., regardless of how many subscriptions Jimbob

provides, each one costs him $20).

1. After graphing this situation, solve for the quantity (Q*) that Jimbob will sell.

2.After graphing the above situation, solve for the price (P*) that Jimbob will set.

3.After graphing the above situation, what will be Jimbob's profits?

4.After graphing the above situation, what will be consumer surplus?

5.After graphing the above situation, what will be the deadweight loss?