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.

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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