Author A accepts a $5,000 advance and a 10% royalty after 5,000 books are sold. Author B foregoes the advance and negotiates for a 15% royalty on all books sold. Author C decides to self publish his book and keep 50% of all sales revenue
Which of these authors expects to sell the fewest books? A) Author A
B) Author B
C) Author C
D) They are all equally likely.
A
You might also like to view...
Consumers express self-interest when they:
a. Reduce business losses b. Search for jobs with the highest wages c. Collect economic profits d. Seek the lowest price for a product
If the Japanese yen depreciates against the U.S. dollar
A) the price of Japanese imports to the United States decreases. B) the price of United States exports to Japan decreases. C) the price of Japanese imports from the United States will decrease. D) there is no change in the price of Japanese exports to the United States.
A proprietorship is
A. a corporation that is taxed like an individual. B. a business owned by one individual who makes all of the decisions. C. two or more individuals in business together. D. a government-owned franchise.
An economy with better technology is likely to:
A) achieve higher productivity. B) have lower levels of human capital. C) have less capital stock. D) use more labor than capital.