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At what quantity do the marginal-revenue and marginal-cost curves cross? What does this signify?d.In your graph, shade in the deadweight loss. (Recall that MR=TR/Q.) How does marginal revenue compare to the price? Explain.c.Graph the marginal-revenue, marginal-cost, and demand curves. What quantity would a profit-maximizing publisher choose? What price would it charge? b.Compute marginal revenue. A publisher faces the following demand schedule for the next novel from one of its popular authors:Price Quantity Demanded$1000 novels90 100,00080 200,00070 300,00060 400,00050 500,00040 600,00030 700,00020 800,00010 900,0000 1,000,000The author is paid $2 million to write the book, and the marginal cost of publishing the book is a constant $10 per book.a.Compute total revenue, total cost, and profit at each quantity.
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