Mail - Lily A Feitelberg X Details | EssayBox.org X M Inbox (127) - lilyfeitell x Bb LEARNING MODULE 1 X MindTap - Cengage L X *Homework Help - Q& X Like competitive firms X + O C ng.cengage.com/staticb/ui/evo/index.html?deploymentld=598281111812636001262909420&elSBN=9780357133606&id=1190194868&snapsh... L : Apps M Gmail Cuse Email 22] Google Calendar -... Cengage Bb Blackboard VitalSource Books... iCloud - Find My i... X For You - Xfinity S... D&AD - New Bloo... > > Reading List Lily v CENGAGE | MINDTAP Q Search this course ? My Home Homework (Ch 15) X Courses Attempts Score / 1 Catalog and Study Tools 5. Monopoly's marginal revenue A-Z Rental Options A publisher faces the following demand schedule for the next novel from one of its popular authors: O College Success Tips Price Quantity Demanded Career Success Tips (Dollars) (Copies) 50 ? Help 45 100,000 40 200,000 Give Feedback 35 300,000 30 400,000 25 500,000 20 600,000 15 700,000 10 800,000 5 900,000 O 1,000,000 A+ The author is paid $500,000 to write the novel, and the marginal cost of publishing the novel is a constant $15 per copy. Complete the second, fourth, and fifth columns of the following table by computing total revenue, total cost, and profit at each quantity.Mail - Lily A Feitelberg X Details | EssayBox.org X M Inbox (127) - lilyfeitell x Bb LEARNING MODULE 1 X MindTap - Cengage L X *Homework Help - Q& X Like competitive firms X + O C ng.cengage.com/staticb/ui/evo/index.html?deploymentld=598281111812636001262909420&elSBN=9780357133606&id=1190194868&snapsh... L : Apps M Gmail Cuse Email 22] Google Calendar -... Cengage Bb Blackboard VitalSource Books... iCloud - Find My i... X For You - Xfinity S... D&AD - New Bloo... > > Reading List Lily v CENGAGE | MINDTAP Q Search this course ? My Home Homework (Ch 15) X Courses Complete the second, fourth, and fifth columns of the following table by computing total revenue, total cost, and profit at each quantity. Catalog and Study Tools Quantity Total Revenue Marginal Revenue Total Cost Profit (Copies) (Dollars) Dollars) (Dollars) (Dollars) A-Z Rental Options 100,000 O College Success Tips 200,000 Career Success Tips 300,000 400,000 ? Help 500,000 600,000 Give Feedback 700,000 800,000 900,000 W 1,000,000 Which of the following quantity-price combinations would a profit-maximizing publisher choose? (Note: If the publisher is indifferent between more than one choice, select all of the indifferent combinations.) Check all that apply. 300,000 copies at a price of $35 A+ 400,000 copies at a price of $30 500,000 copies at a price of $25 600,000 copies at a price of $20 Complete the third column of the previous table by computing marginal revenue. (Hint: Recall that MR = AIR.Mail - Lily A Feitelberg X Details | EssayBox.org X M Inbox (127) - lilyfeitell x Bb LEARNING MODULE 1 X MindTap - Cengage L X *Homework Help - Q& X Like competitive firms X + O C ng.cengage.com/staticb/ui/evo/index.html?deploymentld=598281111812636001262909420&eISBN=9780357133606&id=1190194868&snapsh... L : Apps M Gmail o Cuse Email 22] Google Calendar -... Cengage Bb Blackboard VitalSource Books... iCloud - Find My i... X For You - Xfinity S... D&AD - New Bloo... > > Reading List Lily v CENGAGE | MINDTAP Q Search this course ? My Home Homework (Ch 15) X True or False: At each quantity, marginal revenue is less than the price. Courses True Catalog and Study Tools O False A-Z Rental Options Use the black points (plus symbol) to graph the marginal revenue from the 100,000th, 200,000th, 300,000th, 400,000th, 500,000th, and 600,000th O College Success Tips copy of the novel. Remember to plot from left to right and to plot between integers. For example, if the marginal revenue of increasing production Career Success Tips from 100,000 copies to 200,000 copies were 10, then you would plot a point at (150, 10). Next use the orange line (square symbol) to graph the marginal-cost curve faced by the publisher. Finally, use the blue points (circle symbol) to graph demand at the following quantities (in thousands): 0, ? Help 100, 200, 300, 400, 500, 600, 700, 800, 900, and 1,000. Give Feedback 50 45 40 Marginal Revenue 35 30 Marginal Cost 25 Price A+ 20 15 Demand 10 + Deadweight Loss o -5 100 200 300 400 500 600 700 800 900 1000 Quantity (Thousands of copies)Mail - Lily A Feitelberg X Details | EssayBox.org X M Inbox (127) - lilyfeitell x Bb LEARNING MODULE 1 X MindTap - Cengage L X Homework Help - Q& X Like competitive firms X + O C ng.cengage.com/staticb/ui/evo/index.html?deploymentld=598281111812636001262909420&eISBN=9780357133606&id=1190194868&snapsh... L : Apps M Gmail Cuse Email 22] Google Calendar -... Cengage Bb Blackboard VitalSource Books... iCloud - Find My i... X For You - Xfinity S... D&AD - New Bloo... > > Reading List Lily v K CENGAGE | MINDTAP Q Search this course ? My Home Homework (Ch 15) X 25 Courses Price O 20 Catalog and Study Tools 15 Demand 10 A-Z Rental Options 5 Deadweight Loss 0 O College Success Tips -5 0 100 200 300 400 500 600 700 800 900 1000 Career Success Tips Quantity (Thousands of copies) ? Help Give Feedback The marginal-revenue and marginal-cost curves intersect at a quantity of copies. On the previous graph, use the black triangle (plus symbols) to shade the area representing deadweight loss. If the author were paid $400,000 instead of $500,000 to write the book, the publisher would the price it charges for a copy of the novel Suppose the publisher was not profit-maximizing but was concerned with maximizing economic efficiency, and the author of a novel was paid $500,000 to write the book. A+ In this case, the publisher would charge $ for a copy of the novel and earn a profit of $ (Note: If the publisher experiences a loss, be sure to enter a negative number for profit.) Save & Continue Continue without saving