(Answered) A publisher has just finished publishing a new book the

Management Studies

A publisher has just finished publishing a new book. The company's marketing department estimates that the demand for the book is given by P = 100 - 0.0001Q (where: P and Q are the price and quantity respectively).

Assume that the company can produce the book at a fixed cost of zero and the marginal cost (equal to the average total cost) is constant at $10.

a. Write down the equation for the marginal revenue

b. How many copies of the book would maximize the company's profits? (Show your work)

c. What would the profit-maximizing price be? (Show your work)

d. How much profit would the company make? (Show your work)

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M92056149
Price:- $20

Verified Expert

Priced at $40 Now at $20, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Management

Is the companys personality-harvesting method ethical why

Is the company's personality-"harvesting" method ethical? Why, or why not? Should people who attempt to answer the questionnaire be advised, ahead of time, that the data collected from those questionnaires will be used t ...

Auburn creed i believe that this is a practical world and

Auburn Creed: I believe that this is a practical world and that I can count only on what I earn. Therefore, I believe in work, hard work. I believe in education, which gives me the knowledge to work wisely and trains my ...

Please explain exploration and exploitation and how each

Please explain exploration and exploitation? and how each are used and the benefit.

Discuss the organizations involved in public reporting of

Discuss the organizations involved in public reporting of quality performance data for healthcare organizations. Discuss the organizations that provide quality performance measures. Discuss the organizations that provide ...

Why is it crucial to provide both proactive during the

Why is it crucial to provide both proactive during the implementation, and reactive after completing the implementation feedback to management?

Probabilities of each outcome 12in each of the following

Probabilities of each outcome 1/2. In each of the following two cases find which event is more probable: (a) To have exactly 1 head when flipping 3 coins or to have exactly 2 heads when flipping 6 coins. (b) To have at l ...

1 explain how the following industries should adapt

1. Explain how the following industries should adapt their businesses to the ever expanding use of social networks and mobile computing (smart phones, tablet computers, etc.): 1) Media and Entertainment, 2) Department st ...

Electric car technology has been improving and the us shale

Electric car technology has been improving and the U.S. shale gas oil supply has been increasing. What will be the impact on the crude oil market price? What will be the impact on the gas-burning auto market price? Expla ...

How ineffective communication and resource constraints can

How ineffective communication and resource constraints can impact on time-management within projects?

In a perfectly competitive model firms are price takers

In a perfectly competitive model firms are price takers, total revenue for the perfectly competitive firm is equal to pq. Derive marginal revenue and average revenue.

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert