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Gennadij [26K]
3 years ago
13

A publisher faces the following demand schedule for the next novel from one of its popular authors:

Business
1 answer:
enyata [817]3 years ago
4 0

Answer and Explanation:

The completion of the second, fourth, and fifth columns of the given table is to be shown in the attachment below:

As we know that

Profit = Total revenue - total cost

Total revenue is the revenue earned by the company by multiplying the price with the quantity demanded

While the total cost is

= Fixed cost + variable cost

The marginal revenue comes from

= Change in total revenue ÷ change in quantity

We simply use these formulas in the spreadsheet below.

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