Suppose Always There Wireless serves 100 high-demand wireless consumers,who each have a monthly demand curve for wireless minutes of QdH = 200 - 100P,and 300 low-demand consumers,who each have a monthly demand curve for wireless minutes of QdL = 100 - 100P,where P is the per-minute price in dollars.The marginal cost is $0.25 per minute.Suppose Always There Wireless charges $0.30 per minute.If Always There Wireless charges the highest fixed fee that it can without losing the low-demand consumers,what is the profit from sales to each of the high-demand consumers?
A) $28.00
B) $24.50
C) $33.00
D) $28.13
Correct Answer:
Verified
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