Eleven Consumers Are Trying to Decide Whether to Connect to a New

question 13

Multiple Choice

Eleven consumers are trying to decide whether to connect to a new communications network.Consumer 1 is of type 1, consumer 2 is of type 2, consumer 3 is of type 3, and so on.Where k is the number of consumers connected to the network (including oneself) , a consumer of type n has a willingness to pay to belong to this network equal to k times n.What is the highest price at which 9 consumers could all connect to the network and either make a profit or at least break even?

• A)$30
• B)$9
• C)$18
• D)$24
• E)$27

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Definitions:

Conservation

A principle in cognitive development theory stating that physical quantities remain constant in spite of changes in their shape or appearance.

Scaffolding

An educational technique where a teacher adjusts the level of support provided to the student in the learning process, based on the student's performance.

Vocabulary

The set of words known and used by a person in a particular language.

"What's That?" Questions

Questions often asked by young children as they explore their environment and learn about the world around them through inquiry.