Suppose the demand functions facing the wireless elephone monopols in Worked-Out Problem 18.4 (oage 647) ere...
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Suppose the demand functions facing the wireless elephone monopols in Worked-Out Problem 18.4 (oage 647) ere = 60- 100P for esch low-demand consumer and h = 200 – 100P for esch high-demand consumer, where Pis the per-minute price in dolas The marginal cost is $0.20 per minute. Suppose the monopolist ffes only e sigle twopart trff Instructions: Round your answers to 2 decimal places as needed a. What wil be the monopolists proft from esch type of consumer fie cherges a per-minute price of S0 20 and a fued fee that causes both types of consumers to make a purchase? Profig Profilg = b. Wihat ifit charges a per-minute price of $0.30? Proflior Profingh c. lf there are 100 high-demand consumers, how many low-demand consumers can there be for the monopolist to find the $0.30 price more atrctive than the $0.20 price? low-demand consumers. Suppose the demand functions facing the wireless elephone monopols in Worked-Out Problem 18.4 (oage 647) ere = 60- 100P for esch low-demand consumer and h = 200 – 100P for esch high-demand consumer, where Pis the per-minute price in dolas The marginal cost is $0.20 per minute. Suppose the monopolist ffes only e sigle twopart trff Instructions: Round your answers to 2 decimal places as needed a. What wil be the monopolists proft from esch type of consumer fie cherges a per-minute price of S0 20 and a fued fee that causes both types of consumers to make a purchase? Profig Profilg = b. Wihat ifit charges a per-minute price of $0.30? Proflior Profingh c. lf there are 100 high-demand consumers, how many low-demand consumers can there be for the monopolist to find the $0.30 price more atrctive than the $0.20 price? low-demand consumers.
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