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 $0.25 per minute. How many minutes will high-demand consumers purchase?
A. 75
B. 175
C. 200
D. 100
B. 175
Economics
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What will be an ideal response?
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Constrained discretion ________
A) eliminates all discretion in policymaking B) imposes an inherent discipline on consumers C) imposes an inherent discipline on policymakers but does not eliminate all flexibility D) requires policymakers follow a constant growth rate rule for money
Economics