Question
39. Ginger was willing to pay $160 for a textbook to use it for the semester, but she got it for $120 at the bookstore.
39. Ginger was willing to pay $160 for a textbook to use it for the semester, but she got it for $120 at the bookstore. Now she has completed the course and the book is worth $50 to her. She can keep it or sell it back to the bookstore. The bookstore will pay her 30% of the original price. If Ginger makes her best choice, her overall (gain/loss)____ from trade will be $_____(enter a whole number)
42. A cable TV company faces the following demand schedule for its service:
The company's marginal cost is constant at $58.
What price should the company charge to maximize its profit
Price ($/month) | Subscribers |
68 | 4,000 |
66 | 6,000 |
64 | 8,000 |
62 | 10,000 |
60 | 12,000 |
58 | 14000 |
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