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

Category: | General |

Words: | 1050 |

Amount: | $12 |

Writer: |

Paper instructions

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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