In Problem 1, If the Demand Schedule for Bong's Book

question 16

Multiple Choice

In Problem 1, if the demand schedule for Bong's book is Q = 2,000 - 100p, the cost of having the book typeset is $9,000, and the marginal cost of printing an extra book is $4, then he would maximize his profits by

• A) having it typeset and selling 800 copies.
• B) having it typeset and selling 1,000 copies.
• C) not having it typeset and not selling any copies.
• D) having it typeset and selling 1,600 copies.
• E) having it typeset and selling 400 copies.

---

Definitions:

Business Plan

A detailed document that outlines an organization's objectives, strategies, target market, financial forecasts, and operational plans.

Future Business Operations

Projected or planned activities and procedures for running a business in the future.

Competitive Analysis

Competitive Analysis is the assessment of competitors and their strategies to identify strengths, weaknesses, opportunities, and threats in the marketplace.

Executive Summary

A brief, comprehensive summary of a business plan or an investment proposal, which highlights its key points.