Suppose All Individuals Are Identical,and Their Monthly Demand for Internet

question 40

Multiple Choice

Suppose all individuals are identical,and their monthly demand for Internet access from a certain leading provider can be represented as p = 5 - (1/2) q where p is price in $ per hour and q is hours per month.The firm faces a constant marginal cost of $1.The profit maximizing two-part tariff yields results in the firm selling

• A)4.5 hours.
• B)10 hours.
• C)5 hours.
• D)8 hours.

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Definitions:

Electroconvulsive Therapy

A psychiatric treatment in which seizures are electrically induced in anesthetized patients to provide relief from mental disorders.

Psychiatrist

A medical doctor specialized in the diagnosis, prevention, study, and treatment of mental disorders.

Antidepressants

Medications designed to alleviate symptoms of depression by adjusting chemical imbalances of neurotransmitters in the brain.

ECT

Electroconvulsive Therapy, a psychiatric treatment in which seizures are electrically induced in patients to provide relief from mental disorders.