Solution 1 A publisher faces the following demand schedule for the next novel of one of its popular authors The author is paid 2 million to write the
Solution A publisher faces the following demand schedule for the next novel of one of its popular authors The author is
Solution A publisher faces the following demand schedule for the next novel of one of its
following demand schedule for the next novel of one of its popular authors The author is paid million to write the
Solution A publisher faces the following demand schedule for the next novel of
one of its popular authors The author is paid million to write the
Solution A publisher faces the following demand schedule for the
Solution A publisher faces the
(Solution) 1 - A publisher faces the following demand schedule for the next novel of one of its popular authors: The author is paid $2 million to write the

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A publisher faces the following demand schedule for the next novel of one of its popular authors: The author is paid $2 million to write the book, and the marginal cost of publishing the book is a constant $10 per book. I have attached the question but the table and the complete question is on the attachment. I started working the table but then confused myself a. Compute total revenue, total cost, and profit at each quantity. What quantity would a profit-maximizing publisher choose? What price would it charge?1 – A publisher faces the following demand schedule for the next novel of one of its popular authors: The 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. What quantity would a profit-maximizing publisher choose? What price would it charge? Quantity Price TR TC Profit 1,000,000 0 0 900,000 10 9,000,000 800,000 20 16,000,000 700,000 30 21,000,000 600,000 40 24,000,000 500,000 50 25,000,000 400,000 60 24,000,000 300,000 70 21,000,000 200,000 80 16,000,000 100,000 90 9,000,000 0 100 0

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