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KW has produced a new hit song, Lovin' KK. Digital copies can be produced at marginal cost of zero, and he has no xed costs.
KW has produced a new hit song, "Lovin' KK.\" Digital copies can be produced at marginal cost of zero, and he has no xed costs. The market demand for KW's song is given by QD = 8 - P, where quantity is measured in millions of copies. 0 If KW seeks to maximize prots and sells the song directly, how many copies will he sell? million 0 What is his prot? millions of dollars Suppose KW cannot sell the song directly but must sell rights to copies of the song to the online retailer Hamazon, who in turn sells the copies to their customers at a price of $P per copy. Hamazon has no marginal or xed costs of selling the song. 0 Under double marginalization, the quantity of copies sold will be: million 0 Under double marginalization, the total prots of KW and Hamazon combined from sales of the song will be: millions of 35 Please enter your answer rounded to the nearest single decimal place, such as 2.0 or -15.5. No other punctuation is required (ex: commas) within your numerical response
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