For each long-distance call anywhere in the continental United States, a new phone service will charge users

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For each long-distance call anywhere in the continental United States, a new phone service will charge users 30 cents per minute for the first 2 minutes and 2 cents per minute for additional minutes in each call. Tom’s current phone service charges 10 cents per minute for all calls, and his calls are never shorter than 7 minutes. If Tom’s dorm switches to the new phone service, what will happen to the average length of his calls? (LO3)

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Principles Of Macroeconomics

ISBN: 9780415568685

2nd Brief Edition

Authors: Robert Frank, Ben Bernanke

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