Campus Bookstore Is the Only Textbook Supplier in the Town,a

question 77

Multiple Choice

Campus Bookstore is the only textbook supplier in the town,a profit-maximizing business.The table below represents the reservation prices for the eight students enrolled in the class for which this book is required. $$\begin{array} { c c } \text { Customer } & \begin{array} { c } \text { Reservation Price } \\\text { (\$/book) }\end{array} \\\mathrm { Q } & 60 \\\mathrm { R } & 54 \\\mathrm {~S} & 48 \\\mathrm {~T} & 42 \\\mathrm { U } & 36 \\\mathrm {~V} & 30 \\\mathrm {~W} & 24 \\\mathrm { X } & 18\end{array}$$
Assume that the marginal and average total cost for each book is $12.
Refer to the information above.At the profit maximizing price how many books will they sell?

• A)3
• B)4
• C)5
• D)7

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Definitions:

Amblyopia

A disorder in vision development where one eye does not reach normal levels of sharpness and is commonly known as "lazy eye."

Hyperopia

A vision condition, also known as farsightedness, in which distant objects can be seen more clearly than near objects.

Myopia

A vision condition characterized by the ability to see objects close to the eye clearly while distant objects appear blurred.

Color Blindness

A visual impairment that affects the ability to perceive colors accurately or differentiate between certain colors.