Always There Wireless is wireless monopolist in a rural area. There are 200 customers, each of whom has a monthly demand curve for wireless minutes of , where P is the per-minute price in dollars. The marginal cost of providing the wireless service is $0.25 per minute. If Always There charges $0.25 per minute, what is Always There's total profit?
A) $30,626
B) $39,376
C) $40,000
D) $35,000

Question

Always There Wireless is wireless monopolist in a rural area. There are 200 customers, each of whom has a monthly demand curve for wireless minutes of  , where P is the per-minute price in dollars. The marginal cost of providing the wireless service is $0.25 per minute. If Always There charges $0.25 per minute, what is Always There's total profit?
A) $30,626 
B) $39,376 
C) $40,000 
D) $35,000

Quizplus · Accepted Answer

The Answer of Always There Wireless is wireless monopolist in a rural area. There are 200 customers, each of whom has a monthly demand curve for wireless minutes of  , where P is the per-minute price in dollars. The marginal cost of providing the wireless service is $0.25 per minute. If Always There charges $0.25 per minute, what is Always There's total profit?
A) $30,626 
B) $39,376 
C) $40,000 
D) $35,000

Always There Wireless Is Wireless Monopolist in a Rural Area