Question

Each of eleven consumers is making a decision whether to join a network. We can order them according to their preferences so that for consumer n the willingness to pay for connecting to the network of size k (including himself) amounts to kn. What is the highest cost of connecting to the network with which the network of size 11 can be created? a) 1 b) 0 c) 12 d) 10

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Ans. e) 11

As n stands for consumer and k stands for size of the network, so the highest cost of connecting to the network of size 11 would be 11. This is because for each consumer the highest network size is 11 only.

Add a comment
Know the answer?
Add Answer to:
Each of eleven consumers is making a decision whether to join a network. We can order...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • g swers are correct. 17. Each of eleven consumers is making a decision whether to join...

    g swers are correct. 17. Each of eleven consumers is making a decision whether to join a network. We can order them according to their preferences so that for consumer n the willingness to pay for connecting to the network of size k (including himself) amounts to kn. What is the highest cost of connecting to the network with which the network of size 11 can be created? a) 1 b) 0 c) 12 d) 10

  • A Pareto-efficient point may not be attainable as a market equilibrium when indifference curves are not...

    A Pareto-efficient point may not be attainable as a market equilibrium when indifference curves are not convex for one of the consumers b) it is a point lying on the edge of the Edgeworth box c) the Edgeworth box is not a square d) the goods are perfect complements for one of the consumers e) All of the remaining answers are correct. ach of eleven consumers is making a decision whether to join a network. We can order them according...

  • My colleague and I have dispute. We are writing a .NET application that processes massive amounts...

    My colleague and I have dispute. We are writing a .NET application that processes massive amounts of data. It receives data elements, groups subsets of them into blocks according to some criterion and processes those blocks. Let's say we have data items of type Foo arriving some source (from the network, for example) one by one. We wish to gather subsets of related objects of type Foo, construct an object of type Bar from each such subset and process objects...

  • How Stitch Fix Controls Inventory and Customer Experience San Francisco-based Stitch Fix embodies what founder and...

    How Stitch Fix Controls Inventory and Customer Experience San Francisco-based Stitch Fix embodies what founder and CEO Katrina Lake envisions as the future of apparel retailing. Lake observed retailers seeking organizational change only after an innovator entered the market, and she was determined to get ahead of the curve. In the Internet age, what would be the alternative to buying clothes in a store or from a catalog? Most retailers offer online shopping at a website that functions as a...

  • Hi can you make a summary about this short article, and also tell me how it...

    Hi can you make a summary about this short article, and also tell me how it does affects me economically ? HEALTH CARE 2 hospitals join consortium to trim drug costs CIVIC St. Luke's, Easton owner sign on with company making generic meds By Anthony Salamone Of The Morning Call Seeing no end to rising prescriptions costs and shortages in much-needed drugs, two area hospitals are joining to nationwide consortium that will produce generic medications for member hospitals without worrying...

  • There are two hotels in town, Gilton and Tadisson. Each hotel offers two services: a room...

    There are two hotels in town, Gilton and Tadisson. Each hotel offers two services: a room to spend the night in, and a meal in its restaurant. These hotels are not differentiated, thus offering identical products, and customers choose to stay at the hotel where they get the highest surplus (usually, the hotel with the cheapest prices). If customers were to get the same positive surplus from staying at either hotel, then we assume that half of them go to...

  • Topic: Business Opportunities for Apple So the company that I have been researching is Apple. We...

    Topic: Business Opportunities for Apple So the company that I have been researching is Apple. We all know that Apple has gotten a lot pricier over the years, and their reputation has kind of taken a hit due to it. Apple also isn't known for being the most charitable or a business that really focuses on helping the community around them. I think a great investment idea for Apple would be on that gives back to the communities around their...

  • CAPGEMINI: WHY CENTURY-OLD RFID TECHNOLOGY CAN DISRUPT MODERN RETAIL SUPPLY CHAINS Amazon’s recent announcement of additional...

    CAPGEMINI: WHY CENTURY-OLD RFID TECHNOLOGY CAN DISRUPT MODERN RETAIL SUPPLY CHAINS Amazon’s recent announcement of additional investments in Artificial Intelligence (AI) and drones in the UK should be a wake-up call for all retailers, from supermarkets to apparel stores. UK retailers can learn a lot from how their US counterparts are responding to Amazon’s innovations and the unexpected technology at the heart of their response. Amazon’s investment, paired with its physical store experiment, Go, shows that the technology company has...

  • How can we assess whether a project is a success or a failure? This case presents...

    How can we assess whether a project is a success or a failure? This case presents two phases of a large business transformation project involving the implementation of an ERP system with the aim of creating an integrated company. The case illustrates some of the challenges associated with integration. It also presents the obstacles facing companies that undertake projects involving large information technology projects. Bombardier and Its Environment Joseph-Armand Bombardier was 15 years old when he built his first snowmobile...

  • Case study Company Case Campbell Soup Company: Watching What You Eat You might think that a well-known, veteran consumer products company like the Campbell Soup Company has it made. After all, when pe...

    Case study Company Case Campbell Soup Company: Watching What You Eat You might think that a well-known, veteran consumer products company like the Campbell Soup Company has it made. After all, when people think of soup, they think of Campbell’s. In the $5 billion U.S. soup market, Campbell dominates with a 44 percent share. Selling products under such an iconic brand name should be a snap. But if you ask Denise Morrison, CEO of Campbell, she’ll tell you a different...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT