Your college newspaper. The Collegiate Investigator, has fixed production costs of $70 peredition, and margınal printıng and distribution costs of 0.40 S/copy. The Collegiate Investigatosells for 0.50S/copy.a) Write down the cost function and revenue.

Given values : Fixed cost of the production = $70 Marginal cost = $0.40 Selling price per copy =…

Answered: Your college newspaper. The Collegiate…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Your college newspaper. The Collegiate Investigator, has fixed production costs of $70 per edition, and margınal printıng and distribution costs of 0.40 S/copy. The Collegiate Investigato sells for 0.50S/copy. a) Write down the cost function and revenue.