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

question 10

Multiple Choice

The demand for Professor Bongmore's new book is given by the function Q = 2,000 - 100p.If the cost of having the book typeset is $7,000, 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 typeset and selling 800 copies.
• B)having it typeset and selling 1,000 copies.
• C)not having it typeset and not selling any copies.
• D)having it typeset and selling 1,600 copies.
• E)having it typeset and selling 400 copies.

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