Homework answers / question archive / Suppose a cable company provides cable service to a small town

Suppose a cable company provides cable service to a small town

Marketing

Share With

Suppose a cable company provides cable service to a small town. The total revenue, marginal revenue, total cost, and marginal cost of providing various quantities of cable subscriptions units in thousands per month are presented in the table below.

Assume the local cable company is a monopoly. To maximize profits, the monopoly should produce _____ (thousand) units. (Enter a numeric response using an integer.)

At that level output, the company will earn economic profits of $ _____ thousan per month