Question 1
Refer to the information provided in Figure 13.10 below to answer the question(s) that follow.
Refer to Figure 13.10. For Armstrong Cable the profit-maximizing number of subscribers is
◦ 800.
◦ 1,000.
◦ 2,200.
◦ 2,500.
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 is forced to sell the efficient level output, it will
◦ incur a loss of $7,250.
◦ incur a loss of $1,250.
◦ earn a zero profit.
◦ earn a profit of $4,000.