Suppose Always There Wireless Serves 100 High-High Demand Wireless Consumers,each

question 50

Multiple Choice

Suppose Always There Wireless serves 100 high-high demand wireless consumers,each of whose monthly demand curve for minutes of wireless service is and 300 low-demand consumers,each of whose monthly demand curve for minutes of wireless is ,where P is the per-minute price in dollars.Its marginal cost is $0.25 per minute.Suppose Always There Wireless charges $0.30 per minute.What is the profit from sales to each of the low-demand consumers?

• A) $28.00
• B) $24.50
• C) $33.00
• D) $28.13

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Definitions:

Chores

Routine tasks or duties, often household, that need to be completed regularly.

Equality

The idea that everyone gets the same amount, regardless of what he or she contributes.

Prosocial Behavior

Actions intended to benefit others, including helping, sharing, and comforting.

Antisocial Behavior

Behavior that either damages interpersonal relationships or is culturally undesirable