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:

Total Liabilities

The aggregate of all debts and financial obligations owed by a company to creditors at a given point in time.

Working Capital

The difference between a company's current assets and current liabilities, indicating the liquidity available to fund daily operations and short-term financial obligations.

Current Liabilities

Financial obligations a company is expected to settle within one year or within its operating cycle, whichever is longer.

Current Ratio

A financial metric that measures a company's ability to pay off its short-term liabilities with short-term assets.