Question 1
Refer to the information provided in Figure 13.10 below to answer the question(s) that follow.
Refer to Figure 13.10. The ________ is 1,000.
◦ break-even number of subscribers
◦ profit-maximizing number of subscribers
◦ shut-down point
◦ economically efficient number of subscribers
Question 2
Refer to the information provided in Figure 13.10 below to answer the question(s) that follow.
Refer to Figure 13.10. If Armstrong Cable ________, it will incur a loss of $1,250.
◦ shuts down
◦ is forced to sell the efficient level output
◦ charges a price of $16 per subscriber
◦ charges any price below the profit-maximizing price
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