The demand for Professor Swinnen’s new book is given by the function Q= 2,000 -100p. To sell the book, it must be typeset (a fixed cost), and copies must be printed.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 bya.having it typeset and selling 400 copiesb.having it typeset and selling 800 copiesc.having it typeset and selling 1,000 copiesd.having it typeset and selling 1,600 copiese.not having it typeset (selling zero copies)
The demand for Professor Swinnen’s new book is given by the function Q= 2,000 -100p. To sell the book, it must be typeset (a fixed cost), and copies…
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