Table 15-3

Assume Table 15-3 gives the monthly demand and costs for subscriptions to basic cable for Comcast, a cable television monopoly in Philadelphia.
-Refer to Table 15-3.If Comcast wants to maximize its profits, what price (P)should it charge and how many cable subscriptions per month (Q)should it sell?
A)P = $12; Q = 8
B)P = $14; Q = 6
C)P = $16; Q = 4
D)P = $15; Q = 5

Question

Table 15-3
  
Assume Table 15-3 gives the monthly demand and costs for subscriptions to basic cable for Comcast, a cable television monopoly in Philadelphia.
-Refer to Table 15-3.If Comcast wants to maximize its profits, what price (P)should it charge and how many cable subscriptions per month (Q)should it sell?
A)P = $12; Q = 8 
B)P = $14; Q = 6 
C)P = $16; Q = 4 
D)P = $15; Q = 5

Quizplus · Accepted Answer

The Answer of Table 15-3
  
Assume Table 15-3 gives the monthly demand and costs for subscriptions to basic cable for Comcast, a cable television monopoly in Philadelphia.
-Refer to Table 15-3.If Comcast wants to maximize its profits, what price (P)should it charge and how many cable subscriptions per month (Q)should it sell?
A)P = $12; Q = 8 
B)P = $14; Q = 6 
C)P = $16; Q = 4 
D)P = $15; Q = 5

Table 15-3 Assume Table 15-3 Gives the Monthly Demand and Costs for Monthly