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.Profit-maximizing two-part pricing yields total revenue of
A) $24.
B) $40.
C) $16.
D) $32.
Correct Answer:
Verified
Correct Answer:
Verified
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