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

question 17

Multiple Choice

if the demand schedule for Bong's book is Q = 3,000 - 100p, the cost of having the book typeset is $10,000, and the marginal cost of printing an extra book is $4, then he would maximize his profits by

• A)having it typeset and selling 1,300 copies.
• B)having it typeset and selling 1,500 copies.
• C)having it typeset and selling 2,600 copies.
• D)not having it typeset and not selling any copies.
• E)having it typeset and selling 650 copies.

---

Definitions:

Trial Balance

A bookkeeping report that lists the balances of all ledgers in two columns, debits and credits, ensuring they are equal.

Trial Balance

An accounting worksheet that aggregates the balances from all ledgers into debit and credit columns, with the totals of these columns being identical.

Financial Statement Order

The sequence in which financial statements are prepared and presented, typically starting with the income statement, balance sheet, statement of owner's equity, and finally the cash flow statement.

Trial Balance

A report listing all the accounts and their balances at a specific point in time, used to ensure that debits equal credits.