jaeia keiley jaeta kelley 11/16/17 12:25 AM Homework: HW6 Score: 0.67 of 1 pt 27

Question

jaeia keiley jaeta kelley 11/16/17 12:25 AM Homework: HW6 Score: 0.67 of 1 pt 27of50(32 complete) Hw Score: 57.33%. 28.67 of 50 pt Concept: Profit Maximization Graph 1 The graph to the right depicts the demand for cable subscriptions from a local cable company along with What is the profit-maximizing quantity of cable subscripions? 42 thousand subscriptions per month. Enter a numeric response using an integer) MC ATC price? $ sing a real number rounded to two decimal places) al number rounded to two decimal places.) 42 105 Quantily of cable subscriptions (per month in thousands) your answer in the answer box and then click Check Answer Clear All

Explanation / Answer

Profit maximizing quantity * ( where Profit maximizing quantity meets D - where Profit maximizing Quantity meets ATC)

therefore ,

Local cable company's profit = 42 * (32 - 29)

= 42 * 3

= $126

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