a publisher faces the following demand schedule

Next use the orange line (square symbol) to graph the marginal-cost curve faced by the publisher.

For example, if the marginal revenue of increasing production from 50,000 copies to 100,000 copies were 10, then you would plot a point at (75, 10). Remember to plot from left to right and to plot between integers. Use the black points (plus symbol) to graph the marginal revenue from the 50,000th, 100,000th, 150,000th, 200,000th, 250,000th, and 300,000th copy of the novel.

Finally, use the blue points (circle symbol) to graph demand at the following quantities (in thousands): 0, 50, 100, 150, 200, 250, 300, 350, 400, 450, and 500. True False Use the black points (plus symbol) to graph the marginal revenue from the 50,000th, 100,000th, 150,000th, 200,000th, 250,000th, and 300,000th copy of the novel. (Hint: Recall that MR =) True or False: At each quantity, marginal revenue is less than the price. 150,000 copies at a price of $28 200,000 copies at a price of $24 250,000 copies at a price of $20 300,000 copies at a price of $16 Complete the third column of the previous table by computing marginal revenue. 150,000 copies at a price of $28 200,000 copies at a price of $24 250,000 copies at a price of $20Ĥ50,000 500,000 Which of the following quantity-price combinations would a profit-maximizing publisher choose? (Note: If the publisher is indifferent between more than one choice, select all of the indifferent combinations.) Check all that apply. Quantity Total Revenue (Copies) (Dollars) Profit Marginal Revenue (Dollars) Total Cost (Dollars) (Dollars) 0 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 500,000 Which of the following quantity-price combinations would a profit-maximizing publisher choose? (Note: If the publisher is indifferent between more than one choice, select all of the indifferent combinations.) Check all that apply. Complete the second, fourth, and fifth columns of the following table by computing total revenue, total cost, and profit at each quantity. The author is paid $800,000 to write the novel, and the marginal cost of publishing the novel is a constant $4 per copy. Problems and Applications Q1 A publisher faces the following demand schedule for the next novel from one of its popular authors: Price (Dollars) Quantity Demanded (Copies) 40 0 36 50,000 32 100,000 28 150,000 24 200,000 20 250,000 300,000 350,000 8 400,000 450,000 500,000 The author is paid $800,000 to write the novel, and the marginal cost of publishing the novel is a constant $4 per copy.