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A cable TV company has 4200 customers paying $110 each month. If each $1 reduction in...
Question 12 (1 point) This graph shows the demand for cable TV services in a town of 50,000 households. The local government has given a monopoly franchise to a cable company. The graph also shows the marginal revenue (MR) curve, the marginal cost (MC) curve, and the average total cost (ATC) curve for cable TV services. Notice that the firm's monthly marginal cost is constant at $10 per household. Assume that in the long run, the cable company can avoid...
8. Young Johnny inherited the only local cable TV company in town after his father passed away. The company is completely unregulated by the government and is therefore free to operate as it wishes. Assuming that Johnny understands the true power of his new monopoly, he is probably most excited bout which of the following statements? (1) He will be able to set the price of cable TV service at whatever level he wishes. (ii) The customers will be forced...
1. Theo works for a large firm that is a monopolistic provider of cable TV services in a big city. At the present time, the firm charges $60 per month for basic cable service. The demand for cable TV in this town has been estimated to be Q 12,000 100P where Q is the number of subscribers (measured in hundreds) and P is the monthly price for basic cable. Thus, 600,000 residents currently purchase cable TV services from Theo's firm....
A company has $15,930 available per month for advertising. Newspaper ads cost $210 each and can't run more than 22 times per month. Radio ads cost $610 each and can't run more than 29 times per month at this price. Each newspaper ad reaches 5250 potential customers, and each radio ad reaches 6600 potential customers. The company wants to maximize the number of ad exposures to potential customers. Use n for number of Newspaper advertisements and r for number of...
A company produces a special new type of TV. The company has fixed costs of $458,000 and it costs $1000 to produce each TV. The company projects that if it charges a price of $2300 for the TV, it will be able to sell 700 TVs. If the company wants to sell 750 TVs, however, it must lower the price to $2000 Assume a linear demand. What is the maximum profit that can be reached? It is $
Question 15 (1 point) A cable TV company faces the following demand schedule for its service: Price ($/month) Subscribers 66 64 4,000 6,000 8,000 10,000 12.000 60 The company's marginal cost is constant at $54. What price should the company charge to maximize its profit? $64 $65 $67 O $63 The company's marginal cost is constant at $54. What price should the company charge to maximize its profit? $64 $65 $67 $63 $66
1. A company produces a special new type of TV. The company has fixed costs of $485,000, and it costs $1000 to produce each TV. The company projects that if it charges a price of $2400 for the TV, it will be able to sell 750 TVs. If the company wants to sell 800 TVs, however, it must lower the price to $2100. Assume a linear demand. What price should the company charge to earn a profit of $945,000? It...
A company has $9,670 available per month for advertising. Newspaper ads cost $140 each and can't run more than 20 times per month. Radio ads cost $430 each and can't run more than 27 times per month at this price. Each newspaper ad reaches 5900 potential customers, and each radio ad reaches 6900 potential customers. The company wants to maximize the number of ad exposures to potential customers. Use n for number of Newspaper advertisements and r for number of...
1. An appliance store has been selling 240 microwave ovens at $100 each every month. A market survey indicates that for each $6 increase in the price, the number of microwave ovens sold will decrease by 30 per month. It costs the store $46 to purchase each microwave oven from the manufacturer. A) Find the demand function, expressing p, the price charged for each microwave oven, as a function of x, the number of microwave ovens sold each month. B)...
please show work Nam A company produces a special new type of TV The company has foxed costs of $475,000, and it costs $1300 to produce each TV The company projects that if it charges a price of $2200 for the TV, it will be able to sell 750 TVs. If the company wants to sell 800 TVs, however, it must lower the price to $1900. Assume a linear Due demand Curr How many TVs must the company sell to...