Answered: A publisher for a promising new novel… | bartleby

ENGR.ECONOMIC ANALYSIS

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A publisher for a promising new novel figures fixed costs (overhead, advances, promotion, copy editing, typesetting, and so on) at $64,000, and variable costs (printing, paper, binding, shipping) at $1.80 for each book produced. If the book is sold to distributors for $12 each, how many must be produced and sold for the publisher
to break even?
The publisher must produce and sell books to break even.
(Round to the nearest integer as needed.)

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You are a small retailer. You make profit by buying from a large producer and reselling at your store. The price you're selling at does not change with how many units you sell. The producer recently raised their price to 150 a unit, so you're considering vertical integration and making your own products. If the fixed cost of vertical integrating is 1,200 and you can produce with a cost of 70 per unit, how many units do you have to sell for the vertical integration to yield the same profit as before? Enter your answer here
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