Attempts Average 17 1. Problems and Applications Q1 A publisher faces the following demand schedule for the next novel from one of its popular authors: Price (Dollars) Quantity Demanded (Copies) 50 0 45 100,000 40 35 30 25 20 200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000 1,000,000 15 10 5 0 The author is paid $500,000 to write the novel, and the marginal cost of publishing the novel is a constant $15 per copy Complete the second, fourth, and fifth columns of the following table by computing total revenue, total cost, and profit at each quantity, Quantity (Coples) Total Revenue (Dollars) Marginal Revenue (Dollars) Total Cost (Dollars) Profit (Dollars) 0 The author is paid $500,000 to write the novel, and the marginal cost of publishing the novel is a constant $15 per copy. Is Complete the second, fourth, and its columns of the following table by computing total revenue, total cost, and profit at each quantity Quantity (Copies) Total Revenue (Dollars) Marginal Revenue (Dollars) Total Cost (Dollars) Profit (Dollars) 0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000 1,000,000 t-Gen which of the following quantity-price combinations would a profit maximizing publisher choose? (Note: If the publisher is indifferent between more than one choice, select all of the indifferent combinations.) Check all that apply. 300,000 coples at a price of $35 400,000 copies at a price of $30 500,000 copies at a price of $25 600,000 coples at a price of $20 GRE . 2 3 4 5 6 0 W E R T Y i 0 S D F G H K L L 3 X V B