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please show work! 1. A writer receives royalty payments of 15 percent of total revenue from the sale of their book. Because their royalty income
1. A writer receives royalty payments of 15 percent of total revenue from the sale of their book. Because their royalty income is tied to revenue, not profit, they want to maximize total revenue. However, the publisher's objective is to maximum profit. If the total revenue function is TR = 100,000Q 10Q2 and the total cost function TC = 10,000+ 200+ Q Determine, a. What is the output that will maximize total revenue? Numeric Response
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South-Western Federal Taxation 2018 Comprehensive
Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young
41st Edition
1337386006, 978-1337386005
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