Multiple Choice
Suppose all individuals are identical,and their monthly demand for Internet access from a certain leading provider can be represented as p = 5 - (1/2) q where p is price in $ per hour and q is hours per month.The firm faces a constant marginal cost of $1.Potential consumer surplus equals
A) $4.
B) $8.
C) $16.
D) $32.
Correct Answer:

Verified
Correct Answer:
Verified
Q60: The monopoly can shift the demand for
Q61: Suppose group price discrimination is possible; however,a
Q62: What is one reason consumers might demand
Q63: Suppose all individuals are identical,and their monthly
Q64: At the current price of a good,Al's
Q66: Assume a company can offer customers cable
Q67: If you purchase one pound of apples
Q68: What is a primary difference between rebates
Q69: Pizza joints often offer substantially lower prices
Q70: A perfect price discriminator receives a price