Suppose that at a price of Rs 30 per month there are 30000 subscribers to cable television in small Town. If small Town Cablevision raise its price to Rs 40 per month the number of subscribers will fall to 20000 At which of the following price does small Town Cablevision earn the greatest total revenue ?

Related Mcqs:

Which of the following would cause a demand curve for a good to be price inelastic ?

A. The good is luxury B. There are a great number of substitutes for the good C. The good is a necessity D. The good is an inferior good...

If the cross-price elasticity between two goods is negative the two goods are likely to be ?

A. substitutes B. complements C. necessities D. luxuries...

If a fisher must sell all of his daily catch before it spoils for whatever price he is offered once the fish are caught the fisherman’s price elasticity of supply for fresh fish is ?

A. zero B. infinite C. one D. unable to be determined form this information...

If consumers always spend 15 percent of their income on food. then the income elasticity of demand for food is ?

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If the income elasticity of demand for a good is negative it must be ?

A. an elastic good B. an inferior good C. a normal good D. a luxury good...