OHaganBooks.com generates revenue through it o'Books e-book service. Author royalties and copyright fees cost the company $4 per novel, and the monthly cost of operating and maintaining the service amounts to $496. The company is currently charging customers $7 per novel. Find the associated cost, revenue, and profit functions and use them to determine how many novels must be sold in order to make a profit. (Hint: If the break-even is where they make no profit, you must round up to make a profit.) To make a profit they must sell at least:

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter11: Price And Output Determination: Monopoly And Dominant Firms
Section: Chapter Questions
Problem 6E
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OHaganBooks.com generates revenue through it o'Books e-book service. Author royalties and
copyright fees cost the company $4 per novel, and the monthly cost of operating and maintaining
the service amounts to $496. The company is currently charging customers $7 per novel.
Find the associated cost, revenue, and profit functions and use them to determine how many novels
must be sold in order to make a profit. (Hint: If the break-even is where they make no profit, you
must round up to make a profit.)
To make a profit they must sell at least:
Transcribed Image Text:OHaganBooks.com generates revenue through it o'Books e-book service. Author royalties and copyright fees cost the company $4 per novel, and the monthly cost of operating and maintaining the service amounts to $496. The company is currently charging customers $7 per novel. Find the associated cost, revenue, and profit functions and use them to determine how many novels must be sold in order to make a profit. (Hint: If the break-even is where they make no profit, you must round up to make a profit.) To make a profit they must sell at least:
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