Always There Wireless Is Wireless Monopolist in a Rural Area

question 33

Multiple Choice

Always There Wireless is wireless monopolist in a rural area.There are 200 customers,each of whom has a monthly demand curve for wireless minutes of Q^d = 200 - 100P,where P is the per-minute price in dollars and Q is the number of wireless minutes.The marginal cost of providing the wireless service is $0.25 per minute.If Always There charges $0.25 per minute,how large of a fixed monthly fee can it charge and still persuade customers to buy their service?

• A) $200
• B) $153.13
• C) $306.25
• D) $175

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Definitions:

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, or preferences, often as a result of study, instruction, or experience.

Conditioned Response

The learned response to the conditioned stimulus that occurs after conditioning has taken place.

Different Stimuli

Varied or distinct environmental inputs that can trigger or influence responses in organisms.

Timberlake

Refers to William Timberlake, a researcher known for his work in behavioral psychology, particularly on behavior systems and learning.