# ECONOMICS

Author are typically paid a royality which is a fixed percentage of revenue; a common figure 10% of sales revenue. Show that the price desired by an author is always less than the price desired by a profit maximising publisher. What is the elasticity of demand at the price desired by the author?

1. 👍 0
2. 👎 0
3. 👁 81
1. Take a shot, what do you think?
Hint: does an author have marginal costs? Does a publisher have marginal costs?

1. 👍 0
2. 👎 0

## Similar Questions

1. ### Economics

Author are typically paid a royality which is a fixed percentage of revenue; a common figure 10% of sales revenue. Show that the price desired by an author is always less than the price desired by a profit maximising publisher.

asked by Zio on May 3, 2008
2. ### Math 201

I am having problems with this question in my math class. Consider a student loan of ​\$25,000.00 at a fixed APR of 12% for 25 years. a. Calculate the monthly payment. The monthly payment is \$263.31 b. Determine the total amount

asked by Stephanie on March 20, 2018
3. ### Managerial Economics

Textbook authors typically receive a simple percentage of total revenue generated from book sales. The publisher bears all the production costs and chooses the output level. Suppose the retail price of a book is fixed at \$50. The

asked by Jan on September 12, 2009
4. ### math

Consider a student loan of \$17,500 at a fixed APR of 9% for 25 years. Calculate the monthly payment, determine the total amount paid over the term of the loan, and of the total amount paid, what percentage is paid towards the

asked by suresh on March 30, 2016
5. ### Microeconomics - determining how many to sel

Hi, I would really appreciate it if someone could help me with these questions: An author earns royalties from his book that are specified as 10% of the book's selling price. The demand curve for this is straight and downward

asked by SuprNova on November 11, 2006
6. ### math

A salesman receives a fixed salary of \$500 per week. In addition he is paid 12% of all sales over \$1000. Write the formula that describes how his weekly salary, s, depends on his weekly revenue, r. (The revenue is the amount of

asked by Anonymous on April 7, 2019
7. ### Math - Accounting

Consider a home mortgage of 125,000 at a fixed APR of 9% for 30 years. - calculate the monthly payment - determine the total amount paid over the term of the loan - Of the total amount paid, what percentage is paid toward the

asked by Nena on November 11, 2017
8. ### Author

When being an author, what's the salary Do you get paid when you publish a book? Is it the author choice for the price of the book? Do you get paid a lot when being author?

asked by Laruen on May 13, 2012
9. ### macro ec

does anyone know how rising inflation rates would effect the price of bonds? Take a shot, and think it through. Hint: bonds typically have a fixed face value (e.g., \$1000) and a fixed interest payment schedule (e.g., 6% of the

asked by Jennifer on March 2, 2007
10. ### Math

The demand for item A is P=40 -3.5Q The production of A entails the following average variable costs: AVC=1.5Q - 35 Fixed Costs are 24. a) Calculate the revenue maximizing price of A Revenue= PQ Revenue= 40Q-3.5Q^2 Revenue' =

asked by 413 on January 15, 2007

More Similar Questions