Q =6.52-1.61P

Rewrite the equation from part f as "inverse" demand.

P =

Based on your work right above, write the expression for this firm's marginal revenue as a function of quantity produced.

MR =

Thecostof each book can be reasonably approximated to be $1.27. Whichpricewould maximize this firm's weeklyprofit?

TF-If the company in question increases its spending on advertising, its profit-maximizing price will be higher than the one determined in part (i) above.

TF-If the company in question decides it wants to maximize revenue, then their price needs to be raised compared to the profit-maximizing price.