Question
A firm is considering building a two-way network that links 9 users. The cost of building the network is $8,000. a. How many potential connection
A firm is considering building a two-way network that links 9 users. The cost of building the network is $8,000. a. How many potential connection services does this network provide?
____________ connection services b. If each user is willing to pay $120 to connect to the network, will the firm profit by building the network?
multiple choice 1
- Yes
- No
c. If each user is willing to pay an average of $8 for each potential connection service provided by the network, will the firm profit by building the network?
multiple choice 2
- Yes
- No
d. What is the increase in the number of potential connection services if one additional user joins the network?
_____________connection services
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started