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Question: 3 a us textbook publisher is introducing a new economics...

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3. A U.S. textbook publisher is introducing a new economics textbook, Managerial Economics It is no Graphing matter, to the domestic market. Each book is produced at a constant marginal cost of S98 per book. Management predicts that annual domestic demand for the book is PD 278-0.30n, where Po price of a book in dollars, and Op denotes the number of hooks (as measured in thousands). a. Assuming no costs beyond the MC of $98 per book, state the profit equation for the domestic 1 point market: 1 point b. State the marginal profit equation for the domestic market: 2 points c. Determine the optimal quantity and price of the book in the domestic market: d. Using your answers to parts a and b, compute the total profit in the domestic market, I point assuming no fixed costs: No Name University has a successful football team, the Lethargic Leeches, and sells tickets to students, alumni, and the public. Experience has shown that attendance has followed the demand relationship: Q-28,000-2,000P 4. l point a. If No Name U charges $7 per ticket, predict attendance (o. Now, assume that the current capacity of the football stadium is 10,000 seats, what ticket price should be set for the stadium to be sold-out? l point
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