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

question 24

Multiple Choice

The demand for Professor Bongmore's new book is given by the function Q = 8,000 - 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 3,800 copies.
• B)having it edited and typeset and selling 4,000 copies.
• C)not having it edited and typeset and not selling any copies.
• D)having it edited and typeset and selling 7,600 copies.
• E)having it typeset and selling 1,900 copies.

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Definitions:

Word Processing

The use of computer software to create, edit, save, and print text documents, such as letters, reports, and books.

Program

A set of instructions that a computer follows in order to perform a specific task or solve a problem, often written in a programming language.

Extensions

Additional software components that add new functionality or features to an existing program or web browser.

Characters

In computing and digital media, this refers to letters, numbers, and symbols that are used in writing and data.