The well-known romance novelist Celestine A. Lafleur (a.k.a. Bertha Snodgrass) has decided to sell the screen rights to her latest book, Henrietta's Heaving Heart, to Boxoffice Success Productions for $49,000. In addition, the contract ensures Ms. Lafleur royalties of 5% of the net profits.† Express her income I as a function of the net profit N.

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter9: Functions
Section9.CT: Test
Problem 16CT
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The well-known romance novelist Celestine A. Lafleur (a.k.a. Bertha Snodgrass) has decided to sell the screen rights to her latest book, Henrietta's Heaving Heart, to Boxoffice Success Productions for $49,000. In addition, the contract ensures Ms. Lafleur royalties of 5% of the net profits.† Express her income I as a function of the net profit N.
 
 
I(N) = 
 
Determine the net profit (in dollars) necessary to bring her an income of $150,000.
N = $ 
What is her marginal income (share in dollars of each dollar of net profit)?
$  per dollar of net profit
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The well-known romance novelist Celestine A. Lafleur (a.k.a. Bertha Snodgrass) has decided to sell the screen rights to her latest book, Henrietta's Heaving Heart, to Boxoffice Success Productions for $49,000. In addition, the contract ensures Ms. Lafleur royalties of 5% of the net profits.

 

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