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?

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Question: 1- Professor Stoian writes a book. The demand for the book is P=20-Q. The marginal cost to make i…
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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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