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 121 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


apple

  • Member
  • Posts: 352
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

For a complete list of videos, visit our video library