Campus Bookstore is the only textbook supplier in the town,a profit-maximizing business.The table below represents the reservation prices for the eight students enrolled in the class for which this book is required.
Assume that the marginal and average total cost for each book is $12.
If the bookstore can charge two different prices for this book,the economic profit for the bookstore is ______.
A) greater than $120
B) less than $120
C) exactly $120
D) exactly $48
Correct Answer:
Verified
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