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

question 2

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 4 consumers could all connect to the network and either make a profit or at least break even?

• A)$24
• B)$64
• C)$40
• D)$28
• E)$32

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Definitions:

Job Rotation Training

A method of employee development where individuals are moved through a series of jobs to gain a broad understanding of the business and diverse skills.

Job Rotation

A human resource strategy involving the movement of employees through a range of jobs in order to increase interest, motivation, and skills by exposing them to different experiences.

Cross-pollination

The sharing and combining of knowledge, ideas, or strategies across different fields or disciplines to foster innovation and problem solving.

Money Laundering Legislation

Laws and regulations designed to prevent the process of making large amounts of money generated by a criminal activity appear to be legally obtained.