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Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate c 4 A firm is considering building a two-way network that links 7 users. The cost of building the network is $10,000 a. How many potential connection services does this network provide? 2.38 points 132 0 connection services b. If each user is willing to pay $110 to connect to the network, will the firm profit by building the network? No Yes c. If each user is willing to pay an average of $9 for each potential connection service provided by the network, will the firm profit by building the network? Yes No d. What is the increase in the number of potential connection services if one addlitional user joins the network? connection services Prev 4 of 21E Next >

Explanation / Answer

a. A two way network that links n users will provide n(n-1) connections

So number of potential connections = 7(7-1) = 7*6 = 42

d) if one additional customer joins the network then the number of networks will increase by 2n.

Present number of connections = 42

New number of connections when one additional member joins = 42+14 = 56

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