1- Professor Stoian write

1- Professor Stoian write

1- Professor Stoian writes a book. The demand for the book is P=20-Q. The marginal cost to make it and sell it is $2 per book. The total fixed cost is $10. If a unique price is charged, how many books will he sell?2- Professor Nolan writes a book. The demand for the book is P=20-Q. The marginal cost to make it and sell it is $2 per book. The total fixed cost is $10. If a unique price is charged, what will be the optimal price?3- Professor Nolan writes a book. The demand for the book is P=20-Q. The marginal cost to make it and sell it is $2 per book. The total fixed cost is $10. If a unique price is charged, what will be the profit?4- At the profit maximizing level of output for the monopolist?5-If a firm knows that the elasticity of demand is -5 and its marginal cost is $20, what would be the optimal price?

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