The market demand for MP3 players is p = 50

Question

The market demand for MP3 players is p = 50 - 0.5Q,and the marginal cost for Nick to obtain and sell an 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 players is p = 50 - 0.5Q,and the marginal cost for Nick to obtain and sell an 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.