Refer to the diagram below to answer the questions. Assume there is only one cable firm. 3.1) If the government regulates the cable firm so they can earn only a normal return, find the price, the output and the profit. 3.2) If the government does not regulate the cable firm, find the price, the output and the profit. Assume cost per unit is RM14.50. Working calculation and answer:

Refer to the diagram below to answer the questions. Assume there is only one cable firm. 3.1) If the government regulates the cable firm so they can earn only a normal return, find the price, the output and the profit. 3.2) If the government does not regulate the cable firm, find the price, the output and the profit. Assume cost per unit is RM14.50. Working calculation and answer:

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter16: Interest, Rent, And Profit

Section16.4: The Entrepreneur

Problem 3ST

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