Question: It's an assignment question, the answer should be according to the give question. And tell about the quantities. Question-1: A publisher faces the following demand

It's an assignment question, the answer should be according to the give question. And tell about the quantities.

It's an assignment question, the answer should be according to the give

Question-1: A publisher faces the following demand schedule for the next novel from 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 $1Ii} per book. a. Compute total revenue, total cost. and profit at each quantity. What quanttty would a profitmaximizing publisher ohoose? 1ri'ilhat prise would it charge? b. Compute marginal revenue. [Recall that MR 5 TRIQ.) How does marginal revenue compare to the price? Explain

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