Your college newspaper, The Collegiate Investigator, has fixed production costs of $90 per edition, and marginal printing and distribution costs of 50¢/copy. The Collegiate Investigator sells for 60¢/copy. a) Write down the associated cost, revenue, and profit functions. b) What profit (or loss) results from the sale of 300 copies of The Collegiate Investigator? c) How many copies should be sold in order to break even?

Microeconomics: Private and Public Choice (MindTap Course List)
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ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter11: Price-searcher Markets With High Entry Barriers
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Your college newspaper, The Collegiate Investigator, has fixed production costs of $90 per edition, and marginal printing and distribution costs of 50¢/copy. The Collegiate Investigator sells for 60¢/copy.
a) Write down the associated cost, revenue, and profit functions.
b) What profit (or loss) results from the sale of 300 copies of The Collegiate Investigator?
c) How many copies should be sold in order to break even?

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