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The per-unit cost of an item is its average total cost (= total cost/quantity). Suppose that a new cell phone application costs $150,000 to develop and only $0.5 per unit to deliver to each cell phone customer.
What will be the per-unit cost of the application if it sells 100 units?
Instructions: Round your answer to two decimal places.
What will be the per-unit cost of the application if it sells 1000 units?
What will be the per-unit cost of the application if it sells 1 million units?
If the regulators of LWE want to make sure that there is no deadweight loss in this market, what price will they force LWE to charge? What will output be in that case. Calculate consumer surplus and LWE's profit with that price.
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