0
50
450
500
100 150 200 250 300 350 400
quantity (thousands of copies)
offers
cions
access
the marginal-revenue and marginal-cost curves intersect at a quantity of
copies.
enter
on the previous graph, use the black triangle (plus symbols) to shade the area representing deadweight loss.
for you
the price it charges for a cop
if the author were paid $1 million instead of $800,000 to write the book, the publisher would
novel
suppose the publisher was not profit-maximizing but was concerned with maximizing economic efficiency, and the author of a novel was pai
$800,000 to write the book.
. (note: if the publisher e
hd inflation
in this case, the publisher would charge 3 for a copy of the novel and earn a profit of $
a loss, be sure to enter a negative number for profit.)
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