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1. Data2Data is one of many internet providers in Ann Arbor, MI. The company's cost function is T(C) =60 +Q 2 , so that the marginal cost is MC = 2Q. The inverse demand for internet services in Ann Arbor is characterized by P= 60-2Q.
a. How many customers will Data2Data choose to serve in this market?
b. What is the price at which Data2Data provide services?
c. What is the average total cost and average variable cost at this price?
d. The local bank approaches Data2Data with a proposal to finance investment is a new cable line. Should Data2Data take the bank up on the offer?
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