Question: Two economics professors earn royalties from their textbook that are specified as 12 percent of the book's total revenues. Assuming that the demand curve for
Two economics professors earn royalties from their textbook that are specified as 12 percent of the book's total revenues. Assuming that the demand curve for this text is a downward-sloping straight line, how many copies of this book would the professors wish their publisher to sell? Is this the same number that the publisher itself would want to sell?
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