Question
A university professor has just written his first book. The demand function for his book is = 2000100. The printing of the book implies a
A university professor has just written his first book. The demand function for his book is = 2000100. The printing of the book implies a fixed cost of 1000 euros and a marginal cost of 4 euros. a. What is the teacher's income function? b. What is the cost function of the teacher? c. What is the optimal amount of books to be printed?
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Power And Plenty Trade, War, And The World Economy In The Second Millennium
Authors: R Findlay, Ronald Findlay
1st Edition
0691143277, 9780691143279
