equilibrium point for the publishing company
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A small publishing company is planning to publish a new book. The production costs will include one time fixed costs(such as editing) and variable costs( such as printing). The one time fixed costs will amount to $30,784. The variable costs will be $9.25 per book. The publisher will sell the finished product to bookstores at a price of $22.25 per book. How many books must he publisher print and sell so that the production costs will equal the money obtained from sales?
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Solution Summary
The solution shows how to find the equilibrium level for the publishing company.
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assume x books must be printed and sold
first find the total cost
the variable cost of printing x books = 9.25x dollars.
the fixed cost = 30784
so the total ...
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