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

question 7

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 $0.25 per minute.What are the profits from sales to each of the low-demand consumers?

• A) $9.38
• B) $28.13
• C) $153.13
• D) $1.00

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