The market demand for MP3 player is p = 50

Question

The market demand for MP3 player is p = 50 - 0.5Q,and the marginal cost for Nick to obtain and sell a MP3 player is $12.If he receives 60% of the MP3 sales revenue,then
A) Nick will sell 38 MP3 players.
B) Nick will sell 50 MP3 players.
C) Nick will receive $270 as profit.
D) Total profit is $342.

Quizplus · Accepted Answer

The Answer of The market demand for MP3 player is p = 50 - 0.5Q,and the marginal cost for Nick to obtain and sell a MP3 player is $12.If he receives 60% of the MP3 sales revenue,then
A) Nick will sell 38 MP3 players.
B) Nick will sell 50 MP3 players.
C) Nick will receive $270 as profit.
D) Total profit is $342.