Suppose Always There Wireless Serves 100 High-Demand Wireless Consumers,who Each

question 43

Multiple Choice

Suppose Always There Wireless serves 100 high-demand wireless consumers,who each have a monthly demand curve for wireless minutes of Q^d_H = 200 - 100P,and 300 low-demand consumers,who each have a monthly demand curve for wireless minutes of Q^d_L = 100 - 100P,where P is the per-minute price in dollars.The marginal cost is $0.25 per minute.Suppose Always There Wireless charges $0.35 per minute.How many minutes will high-demand consumers purchase?

• A) 65
• B) 35
• C) 75
• D) 165

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Definitions:

Id

The part of the mind in psychoanalytic theory responsible for instinctual impulses and demands for immediate satisfaction.

Executive Personality

A term referring to personality traits associated with effective leadership and management, such as decisiveness, problem-solving abilities, and the capacity to motivate others.

Gratification

The satisfaction or pleasure felt when a desire, need, or expectation is fulfilled.

Ego

In psychoanalytic theory, the part of the personality that mediates between the demands of the id, the superego, and reality.