Plans for your long distance telephone service

Assignment Help Business Economics
Reference no: EM131009707

Suppose you are trying to choose between 2 plans for your long distance telephone service. If you choose plan 1, your monthly bill will be computed according the equation:

Plan 1 B=$30+.20T

B is your monthly billing fee in dollars and Tis your monthly volume of long distance calls in minutes. If you choose plan 2, your monthly bill will be computed according to the equation B=$80+.30T

Please use the algebraic approach to find the breakeven level of monthly call volume for these plans. (Solve equations simultaneously) B. Please graph your points

Reference no: EM131009707

Questions Cloud

Consider the market for aluminum-legal barriers : Consider the market for aluminum. The Aluminum Company of America (Alcoa) used to control all U.S. sources of bauxite, a key ingredient in the production of aluminum. Given that Alcoa did not sell bauxite to any other companies, Alcoa was a monopolis..
Increasing returns to scale : Consider the market for electricity. In this industry, low average total costs are obtained only through large-scale production. In other words, the initial cost of setting up all the necessary wiring makes it risky and most likely unprofitable for a..
Consider the market for aluminum : Consider the market for aluminum. The Aluminum Company of America (Alcoa) used to control all U.S. sources of bauxite, a key ingredient in the production of aluminum. Given that Alcoa did not sell bauxite to any other companies, Alcoa was a monopolis..
The monopolist should shut down when price is equal : A monopolist's demand function is P = 1624 - 4Q, and its total cost function is TC = 22,000 + 24Q -4Q2 + 1/3 Q3, where Q is output produced and sold. G) The monopolist should shut down when price is equal to or lower than?
Plans for your long distance telephone service : Suppose you are trying to choose between 2 plans for your long distance telephone service. If you choose plan 1, your monthly bill will be computed according the equation: B is your monthly billing fee in dollars and Tis your monthly volume of long d..
Challenge the company has faced in preserving trade secret : Provide a brief summary of The Coca-Cola Company’s efforts to protect its soft drink formula as a trade secret. Describe one (1) challenge the company has faced in preserving its trade secret.
Describe three examples of physical-mental problems covered : Through Internet research, find and describe three (3) examples of physical or mental problems covered by the American with Disabilities Act (ADA), and three (3) examples of physical or mental problems not covered by the ADA.
Suppose abatement standards are set equally across polluters : Under a strict command-and-control framework, suppose abatement standards are set equally across polluters. Assume the total abatement target is 30 units. Show the cost implications using three graphs, each of a different polluter with a unique MAC c..
Use the text and at least one additional scholarly source : Imagine you are consulting with a manager of a business that sells cleaning supplies to nursing homes. Your client wants to develop a marketing plan but has a small budget for marketing his business. How would you show your client the benefits of a m..

Reviews

Write a Review

Business Economics Questions & Answers

  Conditions in iraq led to a sharp drop

In 2005, conditions in Iraq led to a sharp drop in consumer confidence and a drop in consumption. Assume that the Fed holds the money supply constant, tell a story and predict the effects on the equilibrium levels of aggregate output (Y) and the inte..

  Given the above variable cost data and assuming fixed costs

Output Variable Cost 0 $ 0 1 $ 5 2 $ 9 3 $12 4 $16 5 $22 6 $30 7 $40 8 $52 9 $67 10 $90 Given the above variable cost data and assuming fixed costs equal the value of the last two digits of your MDC student ID, create a file using Excel that lists Ou..

  What is autonomous consumption

What is autonomous consumption? Can you explain what autonomous consumption means and use it in an example?

  Solve for the amount of labour and capital in each industry

Suppose that computers use two units of capital for each worker, so that KC = 2LC, while shoes use 0.5 units of capital for each worker, so that KS = 0.5LS. There are 100 workers and 100 units of capital in the economy. Solve for the amount of labour..

  Optimal taxation literature-kind of policy prescriptions

One common criticism in the optimal taxation literature is the specification of the social welfare function. The optimal taxation literature (I have the Mirrlees framework in mind) relies on first specifying a social welfare function. what kind of po..

  Commercialization of agriculture

Discuss the elements the led to the successful northern commercialization of agriculture and the differences between the northern commercialization and southern commercialization of agriculture.

  Quantity exchanged in the market for gasoline

The Newspaper reported that insurgents in Saudi Arabia had taken over a major oil refinery. What would you predict would happen to the average price and quantity exchanged in the market for gasoline in Saudi Arabia?

  Elucidate the concept of the opportunity cost

Elucidate the concept of the opportunity cost. your answer could consider opportunity cost in the context of the production possiblity curve.

  In order to engage in price discrimination

In order to engage in price discrimination, a monopolist has to be able to determine that there are different groups of consumers that have different ________ for the product.

  Administrative infrastructure to get everything organized

They found that getting larger was painful it involved a lot of new administrative infrastructure to get everything organized

  Elucidate how scarcity of resources influences this market

Elucidate how scarcity of resources influences this market and describe the choices stakeholders are forced to make.

  Problem-solving questionuse the following data for a firms

problem-solving questionuse the following data for a firms output at various levels of employment l to calculatea its

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd