Illustrate what is the cost of an extra minute on the phone

Assignment Help Business Economics

Reference no: EM1357374

You are considering two cell phone providers. WirelessIowa charges $120 per month for the service regardless of the number of phone calls made. Rent-A-Cell charges $1 per minute for calls, without any minimums. Your demand for minutes of calling is given by the equation:
Q_d = 150-50*P, where P is the price of a minute.

a) With each provider, illustrate what is the cost of an extra minute on the phone?

Reference no: EM1357374

Questions Cloud

Self-performance appraisal - human resources : Accomplishments: Explain any accomplishments achieved by the employee since the last review. What contributions did the employee make this year? Did employee meet goals set forth during last review?

Find out the magnitude of the electrostatic force : An airplane flies 200 km due west from city A to city B and then 300 km in the direction of 30 degrees North of West from city B to city C. In straight-line distance, how far is city C from city A.

Prove that l is not regular using pumping theorem : Prove that L is not regular. (Be particularly careful if you use the Pumping Theorem. You must choose a w that is actually in L.)

Calculate financial ratios : I have several things to accomplish for an indepth corporation analysis on GM for three years. I am having difficulty with collecting the information and doing the ratios. I then have to answer the following questions.

Illustrate what is the cost of an extra minute on the phone : Your demand for minutes of calling is given by the equation: Q_d = 150-50*P, where P is the price of a minute. illustrate what is the cost of an extra minute on the phone.

Negotiations- influencing decision making : Under what conditions would someone readjust their "no" position to a "yes? in negotiation" What are the influences? How can you "stay with no? In negotiations"

Development of phobias and mate selection : Do you feel that one's environment can also affect development of phobias and mate selection?

Compute the npv if you keep the old machine : Compute the NPV if you keep the old machine and Example $23,345.50 is entered as 23346

How does current economic climate affect strategic planning : Explain how does the current economic climate affect strategic planning for the organization as well as for project management?

User Account

All Pages