Break-even analysis. The publisher in Problem 60 finds that rising prices for paper increase the variable costs to $2 .70 per book. (A) Discuss possible strategies the company might use to deal with this increase in costs. (B) If the company continues to sell the books for $ 15 , how many books must they sell now to make a profit? (C) If the company wants to start making a profit at the same production level as before the cost increase, how much should they sell the book for now?
Break-even analysis. The publisher in Problem 60 finds that rising prices for paper increase the variable costs to $2 .70 per book. (A) Discuss possible strategies the company might use to deal with this increase in costs. (B) If the company continues to sell the books for $ 15 , how many books must they sell now to make a profit? (C) If the company wants to start making a profit at the same production level as before the cost increase, how much should they sell the book for now?
Solution Summary: The author explains how the company might increase the selling price per book to deal with the increase in variable costs.
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Chapter 1 Solutions
Finite Mathematics for Business, Economics, Life Sciences and Social Sciences Plus NEW MyLab Math with Pearson eText -- Access Card Package (13th Edition)
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