Authors libby rittenberg 493

at a price of $81 Now, using the marginal cost and average total cost curves for Acme shown here: Figure 9.11 Estimate Acme’s profit-maximizing output per day (assume the firm selects a whole number) What are Acme’s economic profits per day? Case in Point: Not Out of Business ’Til They Fall from the Sky The 66 satellites were poised to start falling from the sky The hope was that the pieces would burn to bits on their way down through the atmosphere, but there was the chance that a building or a person would take a direct hit The satellites were the primary communication devices of Iridium’s satellite phone system Begun in 1998 as the first truly global satellite system for mobile phones—providing communications across deserts, in the middle of oceans, and at the poles—Iridium expected five million subscribers to pay $7 a minute to talk on $3,000 handsets In the climate of Attributed to Libby Rittenberg and Timothy Tregarthen Saylor URL: http://www.saylor.org/books/ Saylor.org 493