Question: Suppose you just wrote your first novel. After doing some research, you decide to self-publish and sell your book on Kindle. Your friend, who is

Suppose you just wrote your first novel. After doing some research, you decide to self-publish and sell your book on Kindle. Your friend, who is a professional economist, estimates that demand for your book is = 22 , and = 22 2, where is measured in thousands of ebooks and represents the price per ebook.

1)Suppose your marginal cost is constant at $2 (say, for advertising on social media). You are considering charging a price of $14 per ebook. Is this price too high or too low?

2)What price should you charge per ebook in order to maximize profit

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2. It is the results achieved that are important.

3. What is the difference between perception and assessment of a particular everyday situation? Give at least three examples.

7. One or other combination of 16.