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

question 59

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 typeset is $9,000, 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 typeset and not selling any copies.
• B)having it typeset and selling 2,500 copies.
• C)having it typeset and selling 4,600 copies.
• D)having it typeset and selling 2,300 copies.
• E)having it typeset and selling 1,150 copies.

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Definitions:

Classical Conditioning

An educational method where learning happens via linking an external stimulus with a naturally happening stimulus.

Correct Terminology

The use of appropriate, precise, and agreed-upon words and phrases in a specific field of study, profession, or context.

Elements

Fundamental substances that cannot be chemically interconverted or broken down into simpler substances and are primary constituents of matter.

Subordinates

Individuals who work under the direction and control of a supervisor or manager within an organizational hierarchy.