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

question 40

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.The profit maximizing two-part tariff yields results in the firm selling

• A)4.5 hours.
• B)10 hours.
• C)5 hours.
• D)8 hours.

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Definitions:

Nutrition

The process by which living organisms obtain and process the nutrients needed for maintaining life and health.

Variability

The extent to which data points in a statistical distribution or dataset differ from each other and from the average or mean value.

Intelligence Scores

A measure of an individual's cognitive abilities in comparison to a population norm, often assessed through various standardized tests.

Identical Environments

Situations or settings that are exactly the same in every aspect, often used in studies to research the effects of genetics versus environment.