Internet Service in the Local Market Is Supplied by Laura's

question 119

Essay

Internet service in the local market is supplied by Laura's Internet Service. Laura has two types of consumers. The first type of customers is local businesses, and their demand for internet service is The second type is residential customers, and their demand is Laura's marginal cost function is If Laura practices third-degree price discrimination and charges business customers $35 and residential customers $15, is Laura maximizing profits?

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Definitions:

Carnivorous Plants

Plants that derive some or most of their nutrients from trapping and consuming animals or protozoans, typically insects and other arthropods.

Nitrogen

A chemical element with symbol N and atomic number 7, essential to all living organisms as a constituent of proteins and nucleic acids.

Essential Elements

Nutrients required for organisms to survive and reproduce, that cannot be synthesized internally and must be obtained from the environment.

Leaf

A flattened structure of a higher plant, typically green and blade-like, that is attached to a stem directly or via a stalk. Leaves are the main organs of photosynthesis and transpiration.