Suppose all individuals are identical, and their monthly demand for Internet access from a certain leading provider can be represented as p = 5 - q where p is price in $ per hour and q is hours per month. The firm faces a constant marginal cost of $1. If the firm will charge a monthly access fee plus a per hour rate, the monthly access fee will equal O A. $1. O B. $8. O C. $16. O D. $5.
Suppose all individuals are identical, and their monthly demand for Internet access from a certain leading provider can be represented as p = 5 - q where p is price in $ per hour and q is hours per month. The firm faces a constant marginal cost of $1. If the firm will charge a monthly access fee plus a per hour rate, the monthly access fee will equal O A. $1. O B. $8. O C. $16. O D. $5.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Suppose all individuals are identical, and their monthly demand for Internet access from a certain leading provider can be represented as p = 5 - q where p is price
in $ per hour and q is hours per month. The firm faces a constant marginal cost of $1. If the firm will charge a monthly access fee plus a per hour rate, the monthly
access fee will equal
O A. $1.
O B. $8.
O C. $16.
O D. $5.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F07fff4f6-739d-42e4-b475-aeadfccb17c7%2F9c8be06c-761d-4d64-b76d-e9133f027bc2%2Fttk61u7_processed.png&w=3840&q=75)
Transcribed Image Text:Suppose all individuals are identical, and their monthly demand for Internet access from a certain leading provider can be represented as p = 5 - q where p is price
in $ per hour and q is hours per month. The firm faces a constant marginal cost of $1. If the firm will charge a monthly access fee plus a per hour rate, the monthly
access fee will equal
O A. $1.
O B. $8.
O C. $16.
O D. $5.
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