Suppose All Individuals Are Identical,and Their Monthly Demand for Internet

question 65

Multiple Choice

Suppose all individuals are identical,and their monthly demand for Internet access from a certain leading provider can be represented as p = 5 - (1/2) q where p is price in $ per hour and q is hours per month.The firm faces a constant marginal cost of $1.Potential consumer surplus equals

• A) $4.
• B) $8.
• C) $16.
• D) $32.

Understand the process and significance of job analysis.

Recognize the roles and procedures in human resource management related to training, performance evaluation, and employee separation.

Distinguish between various types of employee data management systems.

Acknowledge the legal framework surrounding employment and discrimination.

---

Definitions:

Wheat Farm

A type of agricultural establishment primarily engaged in the cultivation of wheat.

Natural Monopoly

A scenario in which a single company is able to offer a product or service more cheaply than any possible rivals, usually as a result of benefiting from the economies of scale.

Profit-Maximizing

Profit-maximizing is the process or strategy employed by businesses to adjust their production and sale operations to achieve the highest possible profit.

Firm

A business organization, such as a corporation, partnership, or sole proprietorship, engaged in commercial, industrial, or professional activities.