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

question 49

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.If Always There Wireless charges the highest fixed fee that it can without losing the low-demand consumers,what is Always There Wireless's profit from sales for each high-demand consumer?

• A) $27.63
• B) $37.63
• C) $21.13
• D) $28.13

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Definitions:

Sponge

Simple aquatic animals with porous bodies through which water can circulate, belonging to the phylum Porifera.

Blastopore

The opening that develops during early embryonic development, leading to the formation of the digestive tract in animals.

Deuterostomes

Deuterostomes are a major group in the animal kingdom characterized by the development of the anus from the first opening in the embryo, with humans and other vertebrates being examples.

Protostomes

A clade of animals characterized by embryonic development in which the mouth forms before the anus during early embryogenesis.