Question:
Jesaki Publishing is planning for a new novel, and figures
Last updated: 7/7/2022
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. Answer the following questions about this venture. 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 the total revenue if Jesaki Publishing breaks even? Round to the nearest dollar.