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Equation for the marginal revenue

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Reference no: EM131298551

A publisher has just finished publishing a new book. The company's marketing departmentestimates that the demand for the book is given by P=100- 0.0001Q (where: P and Q are the price and quantity respectively).Assume that the company can produce the book at a fixed cost of zero and the marginal cost(equal to the average total cost) is constant at $10.

a. Write down the equation for the marginal revenue

b. How many copies of the book would maximize the company's profits?

c. What would the profit-maximizing price be?

d. How much profit would the company make?

Reference no: EM131298551

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