To calculate: The linear model for the novelist, Celestine A. Lafleur’s income I as a function of the net profit N, her marginal income and also calculate the net profit in order to ear her an income of $1,000,000 when after the success of the movie Henrietta’s Heaving Heart based on her novel Ms. Lafleur decided to sold the screen rights of her book, Henrietta’s Heaving Heart to Box-office Success Productions at $100,000 and she gets royalties of 8% of the net profits additionally according to the contract.

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Chapter 1.3, Problem 105E

Chapter 1.3, Problem 107E

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Solution Summary: The author explains the linear model for the novelist, Celestine A. Lafleur's income as a function of the net profit N, her marginal income, and net profits.

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