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

question 65

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.Potential consumer surplus equals

• A) $4.
• B) $8.
• C) $16.
• D) $32.

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Definitions:

Computer-Assisted Instruction

An educational method that uses computer software and hardware as a means to deliver instructional material and activities.

Evaluation Tool

An instrument or methodology utilized to assess or measure performance, skills, knowledge, or outcomes.

Retention

The ability to keep, hold, or maintain something over time, such as information in memory or employees in a company.

Client Behavior

The actions or reactions of a client in the context of a professional relationship or service.