Business, 13.08.2021 20:20 ineedhelp2285
Question 1 (8 points)
Table 2 shows Media Cable’s the demand table, total revenue, and marginal revenue at each price. Media Cable’s marginal cost per cable package is $75.45. What is the profit maximizing quantity and price for Media Cable?
Table 2
Price Amount Demanded Total Revenue Marginal Revenue
$160 0 $0 n/a
$130 90 $11,700 $130.00
$100 200 $20,000 $75.45
$80 350 $28,000 $53.33
$40 600 $24,000 -$16.00
$0 850 $0 -$96.00
Answers: 3
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Question 1 (8 points)
Table 2 shows Media Cable’s the demand table, total revenue, and marginal rev...
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