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Can someone please answer these questions asap? Thank you in advance 6 points Refer to the data in question 1. Now, Terizon modies the simcard

Can someone please answer these questions asap? Thank you in advance

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6 points Refer to the data in question 1. Now, Terizon modies the simcard that can be used with the newest model thone, and starts providing a network service, too. The consumers who want to use the new thone must purchase the simcard, and hence the network service, from Terizon. Since Terizon now gains control over talking minutes, Terizon will charge a' single price and a single lease fee to all types of its customers for its new phone. As the executive of the rm, you consider two potential strategies for Terizon: 1) Serve only business consumers and 2) Serve both types of consumers. It you follow the second strategy and charge a single price and fee such that both types of consumers buy, what are the optimal price, leasing fee that you must charge? How many minutes does each type of consumer buy? What is Terizon's prot with this strategy? Which strategy is better for Terizon? To serve both types of consumers, the optimal price is $ type your answer... and the optimal lease fee is $ type your answer", .At this price and lease fee, a '1 business consumer will use type your answer... minutes and a nonbusiness consumer will use type your answer... minutes. The prot in this case is $. type your answer... I. Hence, it is better to serve to I choose your answer... V ll

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