Personal cognitive surplus and access to Web 2.0 has spurred the rise of a new collaborative ________ model.
a. social
b. economic
c. access
d. adaptive
e. none of the above
Economic
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Always There Wireless is wireless monopolist in a rural area. There are 200 customers, each of whom has a monthly demand curve for wireless minutes of Qd = 200 - 100P, where P is the per-minute price in dollars and Q is the number of wireless minutes. The marginal cost of providing the wireless service is $0.25 per minute. If Always There charges $0.50 per minute and the largest fixed fee that it can, what is Always There's total profit?
A. $30,625 B. $30,000 C. $37,500 D. $7,500
Social Security is the second-largest government redistribution program
a. True b. False
When there is a positive externality associated with the watering of one's lawn, the free market results in
a. not enough lawn watering b. too much lawn watering c. the socially optimal level of lawn watering d. people watering each other's lawns e. government taxes on lawn watering
Monopolists in the labor market equate the marginal wage with the marginal revenue product to find the desired level of employment for a union.
Answer the following statement true (T) or false (F)