Maurice Tutor

(5)

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About Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 2 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 08 Nov 2017 My Price 4.00

Cheap Call.

Consider a closed economy with a single telephone company, Calls-R-Us. The residents of the country make 2 million phone calls per year and pay $3 per phone call. One day a new phone company, Cheap Call, enters the market and charges only $2 per phone call. All of the residents immediately stop using Calls-R-Us and switch to Cheap Call. They still make 2 million phone calls per year. The executives of Cheap Call are proud of their market share. Moreover, they post billboards stating, “Our country has increased its national saving by $2 million per year by switching to Cheap Call.” Comment on the accuracy of the statement on the billboards.

Answers

Maurice Tutor
(5)
Status NEW Posted 08 Nov 2017 09:11 PM My Price 4.00

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