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Q is measured in terms of thousands of customers, and P is a basic monthly price.a. Given the above information, what are the equations for the total revenue (TR) curve and the marginal revenue curve? Draw a graph for each one. TR=PQ. Note on Blackboard: the marginal revenue curve has the same intercept and double the slope of the demand curve. b. A first city council member believes that the city should operate the franchise and try to maximize profit. What would be the values for P and Q? You can get an approximate answer by drawing a diagram, or an exact answer by using calculus (the derivative of TC with respect to Q equals MC).c. A second city council member argues that the city should provide as much cable service as possible without losing money. Use a diagram for total revenue and total cost to find the values of P and Q where profit becomes zero, and where Q is as high as it can be without losses being incurred.d. A third city council member believes that the private sector should provide the service, but the private company that gets the franchise should pay 10 percent of its total revenue back to the city as an annual franchise fee. If the franchise would be given to the company promising to pay the largest franchise fee, what P and Q would occur? What will be the size of the annual franchise fee?
Suppose that Sven has a V W Cabrio that he would like to sell. Unfortunately, the speedometer on the car is broken and in need of repair. Sven is accustomed to driving the car in this condition and it is worth $3,000 to him fixed or not. Sven would l..
As Malcolm Gladwell points out in his article "High Prices," increases in drug spending are more the result of increases in drug utilization then in increases in drug prices. Why is this relevant to the debate over whether something should be done..
Discuss what is, and what is not, included in calculating GDP
the following information is available for an economyconsumption functionc 220 .8y-tinvestment i 400net exports nx
What is the impact of a demand-side approach to affordable housing needs, such as federal subsidies to households, compared to a supply-side approach -- such as the LIHTC, that contributes to the production of affordable housing units?
in a two-player one-shot simultaneous-move game each player can choose strategy a or strategy b. if both players choose
your facility has the following payer mix40 commercial insurances25 medicare insurance15 medicaid insurance15 liability
a needy family of a mother and three children currently receives cash benefits that average 12 per day. the mother of
Draw the demand curveb) Calc e when P= $200, P= $100, and P= $0c) carefully draw the total expenditure/revenue curved) what price maximizes the revenue received by the seller
Describe the mechanisms used by investors in the share market to analyse and manage systematic and unsystematic risks.
"Starting a sole proprietorship or partnership type of business is better because the profits from the business will be enjoyed by only a single owner or a few partners." Do you agree or disagree with this statement? Why?
Discuss a team project in which you participated. Was there a WBS? If so, what was your experience? If not, share how the project could have been improved by using this approach.
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