subject
Business, 06.05.2020 22:57 moore6084

A friend of yours is considering two cell phone service providers. Provider A charges $100 per month for the service regardless of the number of phone calls made. Provider B does not have a fixed service fee but instead charges $0.5 per minute for calls. Your friend's monthly demand for minutes of calling is given by the equation QD=160−80P , where P is the price of a minute. With Provider A, the cost of an extra minute is $0. With Provider B, the cost of an extra minute is $0.5. Given your friend's demand for minutes and the cost of an extra minute with each provider, if your friend used Provider A, he would talk for 160 minutes, and if he used Provider B, he would talk for 120 minutes.

1: This means your friend would pay $? for service with Provider A and $? for service with Provider B.

2: Your friend would obtain $? in consumer surplus with Provider A and $? in consumer surplus with Provider B.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 13:00
What is the percentage change in price for a zero coupon bond if the yield changes from 6.56.5% to 5.55.5%? the bond has a face value of $1 comma 0001,000 and it matures in 1010 years. use the price determined from the first yield, 6.56.5%, as the base in the percentage calculation?
Answers: 2
question
Business, 22.06.2019 19:50
Aproperty title search firm is contemplating using online software to increase its search productivity. currently an average of 40 minutes is needed to do a title search. the researcher cost is $2 per minute. clients are charged a fee of $400. company a's software would reduce the average search time by 10 minutes, at a cost of $3.50 per search. company b's software would reduce the average search time by 12 minutes at a cost of $3.60 per search. which option would have the higher productivity in terms of revenue per dollar of input?
Answers: 1
question
Business, 22.06.2019 21:00
You have $5,300 to deposit. regency bank offers 6 percent per year compounded monthly (.5 percent per month), while king bank offers 6 percent but will only compounded annually. how much will your investment be worth in 17 years at each bank
Answers: 3
question
Business, 23.06.2019 06:00
What can be concluded from the data about the reliability and validity of the thermometers
Answers: 2
You know the right answer?
A friend of yours is considering two cell phone service providers. Provider A charges $100 per month...
Questions
question
Mathematics, 29.02.2020 00:47
question
Mathematics, 29.02.2020 00:47
Questions on the website: 13722359