User Account

All Pages

Attract one more customer

Assignment Help Business Economics
Reference no: EM131713906

Telco is the only landline phone provider for the city of Carradine.? Generally, Telco's service sells for? $29.99 per month. Telco has 55 customers and wants to acquire a 56th customer. Telco must charge all its customers the same price.

Telco cuts the rate to? $24.99 per month to attract one more customer. The marginal revenue from such a move would be ?$

Reference no: EM131713906

Questions Cloud

Describe the correlation of speed and drop : Roller coasters. Roller coasters get all their speed by dropping down a steep initial incline, so it makes sense that the height of that drop.
Writing assignment-self-interest : Provide an answer in one well-developed paragraph that is at least three sentences long.
Protect themselves from a failure of the low-bid contractor : Owners can protect themselves from a failure of the low-bid contractor to live up to quoted construction cost in their bid by obtaining
What is thedifference between the types of intervention : Did the intervention by the Thai government constitutesterilized or nonsterilized intervention? What is thedifference between the types of intervention?
Attract one more customer : Telco has 55 customers and wants to acquire a 56th customer. Telco must charge all its customers the same price.
Discuss the consumers of health and human services : There has been a shift of emphasis of the consumers of health and human services from professionals and care providers to increasingly include the client system
Determine the effectiveness of several antidepressants : A study compared the effectiveness of several antidepressants by examining the experiments in which they had passed the FDA requirements.
How either black slaves or white abolitionists : Describe two examples of how either black slaves or white abolitionists used literature or the visual arts as a form of protest against slavery.
Create matrix comparing the characteristics : Create a matrix comparing the characteristics of the U.S. Health Care Delivery System with the U.S. Public Health System.

Reviews

Write a Review

Business Economics Questions & Answers

  Firms can have-accounting losses and economic losses

Firms can have: Accounting losses and economic losses

  Demonstrates a diminishing marginal product of labor

For the production function F (K, L) = √ KL the marginal product of labor is: Suppose that a firm with this production function uses 9 units of capital and 4 units of labor. Show that this production function demonstrates a diminishing marginal produ..

  What is new level of government purchases-level of taxation

Money Demand =8750-500i Loanable Funds Demand = 2000 –100i Initial Reserves: $500 Y1=15600 Y2=14000 Reserve Ratio: 8% MPC=0.8 Tax Revenue: $1100 Govt Purchases: $1000 Suppose the Government is implementing fiscal policy. What is the new level of Gove..

  Economic conditions-including inflation and economic growth

Consider the current economic conditions, including inflation and economic growth. Do you think the Fed should increase interest rates, reduce interest rates, or leave interest rates at their present levels? Offer some logic to support your answer

  What factors that might support this implication

It is often argued that price wars may be more likely to occur during low-demand periods than high-demand periods.

  Marginal product curve is increasing from workers

If the marginal product curve is increasing from workers 1-89 and then decreases steadily, crossing the horizontal axis at 190 workers, we know that the total output curve increases from workers 1-89, decreases from workers 90-189, and becomes 0 at t..

  Substantial increase in the factor cost of production

Suppose an economy that is initially at full employment faces a substantial increase in the factor cost of production. Discuss (with the aid of aggregate output market and money market diagrams) the short-run effect on output, unemployment, general p..

  Calculate the consumer surplus

Suppose that a manufacturer is a monopolist in selling some product to a number of competitive retailers at wholesale price w. The manufacturer has marginal cost of $10 per unit. What is the market equilibrium retail price p? What is the profit-maxim..

  Solve the equations to determine equilibrium price

Assume that demand for a commodity is represented by the equation P = 10 – 0.2 Q d, and supply by the equation P = 2 + 0.2 Qs where Qd and Q s are quantity demanded and quantity supplied, respectively, and P is the Price. Use the equilibrium conditio..

  Describe how the consumer price index

Describe how the consumer price index and the inflation rate are calculated. Why is it thought that the consumer price index, as presently calculated, overstates the rate of inflation?

  Adjusting the amount of labor

If the price of capital is $24, the price of labor is $15, and the marginal product of capital is 16, the least costly combination of capital and labor requires adjusting the amount of labor until its marginal product is equal to .............

  Determine the proportion of their charge accounts

The Independent Department Store wants to determine the proportion of their charge accounts that have an unpaid balance of $1,500 or more. A sample of 250 accounts revealed that 100 of them had an unpaid balance of $1,500 or more. What is the 99 perc..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd