Eleven Consumers Are Trying to Decide Whether to Connect to a New

question 13

Multiple Choice

Eleven consumers are trying to decide whether to connect to a new communications network.Consumer 1 is of type 1, consumer 2 is of type 2, consumer 3 is of type 3, and so on.Where k is the number of consumers connected to the network (including oneself) , a consumer of type n has a willingness to pay to belong to this network equal to k times n.What is the highest price at which 9 consumers could all connect to the network and either make a profit or at least break even?

• A)$30
• B)$9
• C)$18
• D)$24
• E)$27

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Definitions:

Major Product

The main substance produced in a chemical reaction, often present in the largest amount among other products.

Benzoyl Chloride

An organic compound used as an acylating agent in organic synthesis, with the formula C6H5COCl.

Phenyl Propyl Ketone

An organic compound consisting of a ketone functional group bonded to a phenyl group and a propyl group.

Major Organic Product

The primary product of an organic reaction that is formed in greater quantity than any other products.