What will be the economic profit for the bookstore

Reference no: EM13221317

Campus Bookstore is the only textbook supplier in the town, a profit-maximizing business. Assume that the marginal and average total cost for each book is $25.? Customer Reservation Price Total Revenue Marginal Revenue A 70 B 65 C 60 D 55 E 50 F 45 G 40 H 35 ? How much should the bookstore charge for this book if it must charge a single price to all customers? ?At the profit maximizing price how many books will they sell each day? What will be the economic profit for the bookstore when selling its profit-maximizing quantity? ?If the bookstore is selling the socially efficient number of books how many will it sell?

Reference no: EM13221317

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