Multiple Choice
The market demand for MP3 player is p = 50 - 0.5Q,and the marginal cost for Nick to obtain and sell a MP3 player is $10.If he signed a fixed-fee rental contract with the store owner and pays $1000 as the rent,
A) Nick will sell 20 MP3 players.
B) Nick will sell 40 MP3 players.
C) Nick will sell 50 MP3 players.
D) Nick will not sign the contract.
Correct Answer:
Verified
Correct Answer:
Verified
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