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

question 43

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 $0.35 per minute.What is Always There Wireless's profit from sales for each low-demand consumer?

• A) $27.63
• B) $37.63
• C) $21.13
• D) $28.13

---

Definitions:

Emerging Market

A nation's economy that is progressing towards becoming more advanced, usually by means of rapid growth and industrialization.

Economic Stability

A state where an economy experiences steady growth, low inflation, and low unemployment rates over time.

Catching-up Growth

Economic strategy aimed at enabling developing countries to achieve rapid economic growth and reach the standards of more developed countries.

Brazil, Russia, India, China

Collectively known as BRIC, these countries were identified as fast-growing developing economies with significant influence on regional and global affairs.