A Group of 13 Consumers Are Trying to Decide Whether

question 24

Multiple Choice

A group of 13 consumers are trying to decide whether to connect to a new communications network.Consumer 1 is of type 1, consumer 2 of type 2, consumer 3 of type 3, and so on.Each consumer's willingness to pay to belong to the network is proportional to the number of consumers who belong.Where k is the number of consumers who belong, the willingness to pay of a type n consumer is 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)$47
• B)$50
• C)$43
• D)$42
• E)$45

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Definitions:

Contractility

The ability of muscle fibers to shorten and generate force.

Glia

Non-neuronal cells in the central and peripheral nervous system that support, nourish, and protect neurons.

Support Cells

Cells that provide structural and functional support in various tissues and organs, often contributing to the maintenance and repair of neighboring cells.

Spinal Cord

The long, thin, tubular structure made up of nervous tissue that extends from the brainstem to the lower back, carrying nerve impulses between the brain and the rest of the body.