What would be its total profit with a per minute charge

Assignment Help Business Economics

Reference no: EM13772011

Clearvoice, a wireless telephone monopolist has 100 consumers, each of whom has a monthly demand curve for wireless minutes of

Q=300-100P

where P is the per-minute price in dollars. The marginal cost of providing wireless service is $0.30 per minute.

a. Suppose the wireless telephone monopolist charges $0.30 per minute. How large a fixed fee can it charge and still persuade consumers to buy?

b. What is its profit from each consumer?

c. What is its total profit?

d. What would be its total profit with a per-minute charge of $0.40?

e. What would be its total profit with a per-minute charge of $0.50?

f. What would be its total profit with a per-minute charge of $0.60?

Reference no: EM13772011

Questions Cloud

Explain influence of cultural and socioeconomic background : Explain influence of cultural and socioeconomic background in shaping attitudes and opinions (in themselves and others). Throughout its existence, the progression of Jazz as an art form is surrounded by controversy.

Describe what are the interests of the stakeholders : Do any of the labor or employment laws from the eGuide apply to this case? If they do apply, analyze the legality of the corporation's actions in this case. If the laws do not apply to the actions in this case, explain why they do not apply.What are ..

Health care administration and mangement professionals : What can the United States' health care system learn from health care systems such as Universal Health (UHC) or nationalize heatlh care services in other countries?

Define the german transportation otto bonn : First assignment is: Problem Description: The German transportation Otto Bonn is expanding his trucking business into Florida, with shipping centers in Daytona Beach, Gainesville, Jacksonville, Miami, Tallahassee, and Tampa.

What would be its total profit with a per minute charge : Clearvoice, a wireless telephone monopolist has 100 consumers, each of whom has a monthly demand curve for wireless minutes of Q=300-100P where P is the per-minute price in dollars. The marginal cost of providing wireless service is $0.30 per minute..

Problem associated with shift work : Share with the class an experience where you have worked with, or know someone with problems associated with shift work. What were the effects of the problems and what was done to help the individual? What was the shift work schedule?

What you think some of social reasons for individual problem : What do you think are some of the social, economic, and environmental reasons for the individual's problem? Based on the diversity and ethics content are there any diversity and ethics considerations in the episode?

Design a project to allow a student to access current grades : Design a project to allow a student to access current grades and/or create a "What-if" situation on a continuing basis to understand where they are at any given point in the semester. You will need to calculate multiple grades for exams, quizzes a..

The direct operating cost of the departments : The direct operating cost of the departments (including both variable and fixed costs) were as follows. Purchasing $96,000. Maintenance 18,000. Fabrication $72,000. Assembly $48,000. The total cost accumulated in the sales department using the recipr..

User Account

All Pages