Plans for your long distance telephone service

Assignment Help Business Economics

Reference no: EM131009707

Suppose you are trying to choose between 2 plans for your long distance telephone service. If you choose plan 1, your monthly bill will be computed according the equation:

Plan 1 B=$30+.20T

B is your monthly billing fee in dollars and Tis your monthly volume of long distance calls in minutes. If you choose plan 2, your monthly bill will be computed according to the equation B=$80+.30T

Please use the algebraic approach to find the breakeven level of monthly call volume for these plans. (Solve equations simultaneously) B. Please graph your points

Reference no: EM131009707

Questions Cloud

Consider the market for aluminum-legal barriers : Consider the market for aluminum. The Aluminum Company of America (Alcoa) used to control all U.S. sources of bauxite, a key ingredient in the production of aluminum. Given that Alcoa did not sell bauxite to any other companies, Alcoa was a monopolis..

Increasing returns to scale : Consider the market for electricity. In this industry, low average total costs are obtained only through large-scale production. In other words, the initial cost of setting up all the necessary wiring makes it risky and most likely unprofitable for a..

Consider the market for aluminum : Consider the market for aluminum. The Aluminum Company of America (Alcoa) used to control all U.S. sources of bauxite, a key ingredient in the production of aluminum. Given that Alcoa did not sell bauxite to any other companies, Alcoa was a monopolis..

The monopolist should shut down when price is equal : A monopolist's demand function is P = 1624 - 4Q, and its total cost function is TC = 22,000 + 24Q -4Q2 + 1/3 Q3, where Q is output produced and sold. G) The monopolist should shut down when price is equal to or lower than?

Plans for your long distance telephone service : Suppose you are trying to choose between 2 plans for your long distance telephone service. If you choose plan 1, your monthly bill will be computed according the equation: B is your monthly billing fee in dollars and Tis your monthly volume of long d..

Challenge the company has faced in preserving trade secret : Provide a brief summary of The Coca-Cola Company’s efforts to protect its soft drink formula as a trade secret. Describe one (1) challenge the company has faced in preserving its trade secret.

Describe three examples of physical-mental problems covered : Through Internet research, find and describe three (3) examples of physical or mental problems covered by the American with Disabilities Act (ADA), and three (3) examples of physical or mental problems not covered by the ADA.

Suppose abatement standards are set equally across polluters : Under a strict command-and-control framework, suppose abatement standards are set equally across polluters. Assume the total abatement target is 30 units. Show the cost implications using three graphs, each of a different polluter with a unique MAC c..

Use the text and at least one additional scholarly source : Imagine you are consulting with a manager of a business that sells cleaning supplies to nursing homes. Your client wants to develop a marketing plan but has a small budget for marketing his business. How would you show your client the benefits of a m..

User Account

All Pages