Solve All questions. Please

- l . A publisher faces the'fzollowing demand schedule for the next novel from 'one pas popular anthem.- l'ricn Quality Dull-mill 0 novels 1001.013 2011.000 300. one 400.000 500. 000 6m (00 700. 000 800. one 900 .000 1.000 000 asseseeaee The author-is paid $2 million to write the hook, and the marginal cost 'of publishing the booklet: constant $10 per-boob a. Compute total revenue, total cost, and prot at each quantity. What quantity would a prot- maximizing publisher choose? What price would it charge? b. Compute marginal revenue. (Recall that MR = ATR/AQ.) How does marginal revenue compare to the price? Explain. c. Graph the marginal-revenue, marginal-cost, and demand curves. At What quantity do the marginal-revenue and marginal-cost curves cross? What does this signify? d. In your graph, shade in the deadweight loss. Explain in words What this means. e. Ifthe author were paid $3 million instead of $2 million to write the book, how would this affect the publisher's decision regarding what price to charge? Explain. f. Suppose the publisher was not prot- maximizing but was concerned with maximizing economic efciency. What price would it charge for the book? How much prot would it make at this price