The Times-Herald is planning a special-edition magazine. The publishing expenses include fixed costs of $1200 and printing costs of 30 cents per magazine. The magazines will sell for 75 cents each, and advertising revenue is 20 cents per magazine. How many magazines must be sold to make a profit? Please show steps.

The Times-Herald is planning a special-edition magazine. The publishing expenses include fixed costs of $1200 and printing costs of 30 cents per magazine. The magazines will sell for 75 cents each, and advertising revenue is 20 cents per magazine. How many magazines must be sold to make a profit? Please show steps.

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter6: Simple Pricing

Section: Chapter Questions

Problem 9MC

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