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

question 8

Multiple Choice

The demand for Professor Bongmore's new book is given by the function Q = 5,000 - 100p.If the cost of having the book edited and typeset is $20,000, 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)not having it edited and typeset and not selling any copies.
• B)having it edited and typeset and selling 2,300 copies.
• C)having it edited and typeset and selling 2,500 copies.
• D)having it edited and typeset and selling 4,600 copies.
• E)having it typeset and selling 1,150 copies.

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Definitions:

Internalization

The process of integrating beliefs, values, standards, or norms into one's own value system, making them an aspect of one's personality.

Egocentric Speech

A stage in child development where speech is directed towards the self and not intended for others, often reflective of cognitive self-centeredness.

Early Childhood

A period in human development that spans from birth to eight years old, characterized by rapid physical, cognitive, and emotional growth.

Inner Speech

The process of talking to oneself mentally, which plays a key role in self-regulation, problem-solving, and cognitive development.