Jesaki Publishing is planning for a new novel, and figures fixed costs (overhead, advances, promotion, copy editing, typesetting) at $65,000, and variable costs (printing, paper, binding, shipping) at $1.60 for each book produced. The book will be sold to distributors for $12 each. Let x be the number of books produced. The cost function is C(x)=mx+b, for some values m and b, where C(x) is given in dollars. Round m and b to the nearest tenth (1 decimal place.) What is m? Round to the nearest tenth (1 decimal place). What is b? (Round to the nearest tenth (1 decimal place.)
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Break-Even Analysis
Jesaki Publishing is planning for a new novel, and figures fixed costs (overhead, advances, promotion, copy editing, typesetting) at $65,000, and variable costs (printing, paper, binding, shipping) at $1.60 for each book produced. The book will be sold to distributors for $12 each.
Let x be the number of books produced. The cost function is C(x)=mx+b, for some values m and b, where C(x) is given in dollars. Round m and b to the nearest tenth (1 decimal place.)
What is m? Round to the nearest tenth (1 decimal place).
What is b? (Round to the nearest tenth (1 decimal place.)
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