A local cable company has a monopoly on cable service.If it sells 20 of the services its total revenue is $10000,and if it sells 21 services its total revenue is $10,600.When the local cable company sells 21 programs,the price per service is closest to:

Question

Quizplus · Accepted Answer

To find the price per service, we need to determine the difference in revenue between selling 21 services and 20 services, and then divide that difference by the one extra service sold.

$10,600 - $10,000 = $600

$600/1 = $600

Therefore, the price per service when selling 21 programs is $600, which is closest to choice C.

A Local Cable Company Has a Monopoly on Cable Service