Income 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 Box office Success Productions for $50,000. 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, and determine the net profit necessary to bring her an income of $100,000. What is her marginal income (share of each dollar of net profit)?
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