D PeopleSoft session expired x MO Conversations x M Graded C

D PeopleSoft session expired x MO Conversations x M Graded Chapter 4 Assign x D www.webassign netweb/student/Assignment ResponsesAast?dep 15591771 this assignment, you submit answers by question parts. The number ofsubmissions remaining for each queston part only changes ryou submit orchange the answer gnment scoring ur last submission is used for your O -is points MadeusAg2 216.001. My Notes o Ask Printing a particular book has a cost function of C(b) Sb 8280 and a revenue function of R(b 7.950 where these two functions are in dollars and b is the number of books printed (a) What is the amount of the Fixed Costs? (b) What is the value of the Marginal Cost? (c) What is the value of the Marginal Revenue? (d) What is the fully simplified version of the Profit Function: PXb? P(b) (e) How many books need to be printed to get to the break-even point? som Answer save Progress Practice Another Version

Solution

I am allowed to answer only 1 question at a time. I will answer all parts of 1st question
1)
a)
cost function,
Cb = 4.5b + 8280
fixed cost is $8280
b)
cost function,
Cb = 4.5b + 8280
Marginal cost is $4.5
c)
Revenue function is,
R(b) = 7.95b
Marginal Revnue is $7.95
d)
profit function,
P(b) = R(b) - C(b)
          = 7.95b - (4.5b + 8280)
          =3.45b - 8280
e)
for break even point, profit =0
profit function is,
P(b) = 3.45b - 8280
put P(b) = 0
3.45b - 8280 = 0
b = 2400
Answer: 2400 books