Professor Bong has just written the first textbook in Punk Economics. It is called Up Your Isoquant.
Question:
(a) The total revenue function for Professor Bong’s book is ________.
(b) The total cost function for producing Professor Bong’s book is _________.
(c) The marginal revenue function is MR(Q) = _______ and the marginal cost function is MC(Q) = ______. The profit-maximizing quantity of books for professor Bong to sell is Q∗ = ______.
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