The Demand for Professor Bongmore's New Book Is Given by the Function

question 28

Multiple Choice

The demand for Professor Bongmore's new book is given by the function Q = 4,000 - 100p.If the cost of having the book edited and typeset is $17,000, 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)having it edited and typeset and selling 1,800 copies.
• B)having it edited and typeset and selling 2,000 copies.
• C)not having it edited and typeset and not selling any copies.
• D)having it edited and typeset and selling 3,600 copies.
• E)having it typeset and selling 900 copies.

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Definitions:

Assessed

Evaluated or estimated the nature, ability, or quality of something or someone.

Changed

To make or become different; to alter the form, nature, or appearance of something.

Self-discrepancy Theory

A theory suggesting that psychological discomfort or emotional distress results from discrepancies between one’s self-concept and ideal or ought selves.

Emotional Reactions

Immediate, spontaneous feelings in response to stimuli, influenced by individual temperament, experiences, and the surrounding context.