Answer Happy

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Time Left:2:41:20 Md Apurba Khan: Attempt 1 Question 33 (8 points) A publisher faces the following demand schedule for the next novel of one of its popular authors: Profits Quantity Sold Price Total Revenue Marginal Revenue Total CostMarginal Cost 10 $100 100 90 200 80 300 70 400 60 500 50 600 40 700 30 800 20 900 10 1000 0 The author is paid $2,000 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, as well as marginal costs and marginal revenue. b. What quantity would a profit-maximizing publisher choose? What price would it charge? Compare marginal revenue with marginal costs at the profit maximizing quantity. Show also the comparison between them both with the Price at which Monopoly will sell the product.