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Author Question: Assume a company can offer customers cable television and Internet service at essentially zero ... (Read 119 times)

WhattoUnderstand

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on: Jul 1, 2018
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.


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mirabriestensky

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

D


WhattoUnderstand

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Reply 2 on: Jul 1, 2018
Gracias!

xiaomengxian

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Reply 3 on: Yesterday
:D TYSM

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