Multiple Choice
The demand for Professor Bongmore's new book is given by the function Q = 5,000 - 100p.If the cost of having the book edited and typeset is $20,000, if the marginal cost of printing an extra copy is $4, and if he has no other costs, then he would maximize his profits by
A) not having it edited and typeset and not selling any copies.
B) having it edited and typeset and selling 2,300 copies.
C) having it edited and typeset and selling 2,500 copies.
D) having it edited and typeset and selling 4,600 copies.
E) having it typeset and selling 1,150 copies.
Correct Answer:

Verified
Correct Answer:
Verified
Q3: A profit-maximizing monopoly faces an inverse demand
Q4: if the demand for pigeon pies is
Q5: if demand for the book is Q
Q6: A firm has invented a new beverage
Q7: A profit-maximizing monopoly faces an inverse demand
Q9: A firm has invented a new beverage
Q10: if the demand for pigeon pies is
Q11: A profit-maximizing monopoly faces an inverse demand
Q12: if the demand schedule for Bong's book
Q13: The demand for Professor Bongmore's new book