Always There Wireless Is Wireless Monopolist in a Rural Area

question 5

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 $0.50 per minute and the largest fixed fee that it can,what is Always There's profit per customer?

• A) $153.13
• B) $150.00
• C) $187.50
• D) $37.50

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Definitions:

Transitional Forms

Fossilized remains that show intermediate characteristics between ancestral species and their modern descendants, often cited as evidence of evolution.

Fossil Record

The collection of fossils that has been discovered, providing evidence of the history of life and evolutionary processes on Earth.

Reptiles

A group of cold-blooded animals with scaly skin that typically lay eggs on land, such as snakes, lizards, crocodiles, and turtles.

Amphibians

A class of cold-blooded vertebrates that includes frogs, toads, salamanders, and newts, primarily living in moist environments.