If the Demand Schedule for Bong's Book Is Q =

question 31

Multiple Choice

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.

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Definitions:

Efficient Supply Chain

The optimization of processes in the supply chain to ensure the fastest, most cost-effective way of getting products from production to consumer.

Lower-Price Retailer

A retail store offering products at prices lower than those of competitors, often by reducing operational costs or offering fewer services.

Customer Service Concept

A business philosophy centered around meeting or exceeding customer expectations to enhance satisfaction and loyalty.