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1.0 = 1251/2P'2. o is number of newspapers sold and S is number of inches of news printed. The cost of reporting 5 units is
1.0 = 1251/2P'2. o is number of newspapers sold and S is number of inches of news printed. The cost of reporting 5 units is $105. The cost of printing one copy of the newspaper is $0.08, so the total cost of O = $105 + .080. Using fact that MR 2 P(1+1/price elasticity), what is profit maximizing price for newspaper? Don't use dollar sign. 2. Q = 1251/2P'2. Q is number of newspapers sold and S is number of inches of news printed. The cost of reporting S units is $105. The cost of printing one copy of the newspaper is $0.08, so the total cost of Q = 5105 +1380. How many copies will be sold at the profit maximizing price when S = 100? Round (up) to the nearest newspaper
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