ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Bob’s bookstore is the only bookstore in town. The figure in attachment shows the demand curve of books and Bob’s books’ marginal revenue curve and marginal cost curve . Bob’s books maximises its profit and sets the price of books equal to _______ and has total annual revenue of _________.

(a) $20, $60,000

(b) $10, $40,000

(c) $30, $60,000

50
40
30
MC
20
10
MR
4.
5
Quantity thousands of books per year
(yoog ad uojepj uroo puo oud
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Transcribed Image Text:50 40 30 MC 20 10 MR 4. 5 Quantity thousands of books per year (yoog ad uojepj uroo puo oud
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