This topic contains a solution. Click here to go to the answer

Author Question: Assume a company can offer customers cable television and Internet service at essentially zero ... (Read 80 times)

WhattoUnderstand

  • Hero Member
  • *****
  • Posts: 517
Assume a company can offer customers cable television and Internet service at essentially zero marginal and average cost.
 
  The following table shows each customer's marginal willingness to pay for television, Internet services, and for a bundle containing both. If television and Internet services are sold separately, the profit maximizing prices are Television Internet Bundle Alex 100 60 160 Rebecca 80 100 180 A) television 100 and Internet services 60.
  B) television 80 and Internet services 100.
  C) television 80 and Internet services 60.
  D) television 100 and Internet services 100.

Question 2

In a perfectly competitive market with 75 non-identical firms producing at market price p1
 
  A) the supply curve is flatter than if there were only 35 identical firms.
  B) the supply curve is more elastic than if there were only 25 identical firms.
  C) the supply curve is more inelastic than if the firms were identical.
  D) All of the above.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mirabriestensky

  • Sr. Member
  • ****
  • Posts: 325
Answer to Question 1

C

Answer to Question 2

D




WhattoUnderstand

  • Member
  • Posts: 517
Reply 2 on: Jul 1, 2018
Excellent


  • Member
  • Posts:
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

For a complete list of videos, visit our video library