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Q. A friend of yours is considering two cell phones service providers. Provider A charges $120 per month for the service regardless of the number of phone calls made. Provider B doesn't have a rigid service fee but instead charges $1 per minute for calls. Your friend's monthly demand for minutes of calling is given by the equation QD = 150 - 50P, where P is the price of a minute.
A. With each provider. Elucidate the price to your friend of an extra minute on the phone?
B. In light of your answer to (a), how many minutes would your friend talk on the phone with every provider?
C. Explain how much he finishes up paying each provider every month?
D. Explain how much customer extra he obtains with each provider?
Illustrate what is the impact of this sale on GDP for 2002. Assume no realtor is involved in the sale.
A country purchases $3 billion of foreign-produced goods as services and sells $2 billion dollars of domestically produced goods and services of foreign countries. it has?
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q1. why would the following investment expenditures increase as the interest rate declines?a. purchases of a new plant
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