Always There Wireless Is Wireless Monopolist in a Rural Area

question 4

Multiple Choice

Always There Wireless is wireless monopolist in a rural area.There are 200 customers,each of whom has a monthly demand curve for wireless minutes of ,where P is the per-minute price in dollars.The marginal cost of providing the wireless service is $0.25 per minute.If Always There charges $0.50 per minute,what is Always There's total profit?

• A) $30,626
• B) $30,000
• C) $37,500
• D) $7,500

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Definitions:

Psychologists

Professionals specializing in the study of the mind and behavior, dealing with how people think, feel, and act.

Script

In relationship transactions, a psychological script like a movie or theater script, with characters, dialogue, etc., that most people heard as children.

Payoff

The return or reward resulting from an action or investment, which can be in the form of profit, benefit, or satisfaction.

Emotional Intelligence

The capacity to identify, comprehend, and control our personal emotions, as well as to identify, comprehend, and impact the emotions of other people.