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.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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