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:

Organizational Records

Documentation and information that capture an organization's operations, policies, and transactions.

Competency Inventory

A list or database of skills, abilities, and knowledge required for a particular job or set of jobs.

Performance History

A record or assessment of an individual's or entity's past achievements, success, failures, and overall performance.

Reengineering

The fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical measures of performance.