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Suppose you are a print house manager for newspapers. Your cost is 2 0 cents per newspaper, and you charge the retailer 8 0 cents
Suppose you are a print house manager for newspapers. Your cost is cents per newspaper, and you charge the retailer cents per newspaper. The retailer sells to customers at $ per newspaper. Any unsold newspaper is returned to you for full refund of the wholesale price. Demand for newspapers is uniformly distributed between and
a How many newspapers should you print?
b The retailer would like to induce you to print more newspapers. Therefore, the retailer agrees to payback unsold newspapers at price $ cents per newspaper. How many newspapers will you print?
c What payback price should the retailer offer to induce you to print the quantity that maximizes the combined profit of you and the retailer? PLEASE ONLY ANSWER C FOR I HAVE ANSWRED A AND B
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