What is the number of books to be printed in a first edition

Assignment Help Business Economics
Reference no: EM133081836

A decision must be taken about the number of books that should be printed in a first edition. Fixed costs are known to be €6,000 and the cost per book is €9. Each book can be sold for €30. Furthermore, it is known that as per table below, where "d" is the number of books required.

P (d<300)

0,01

P (d<400)

0,25

P (d<800)

0,5

P (d<1200)

0,75

P (d<2000)

0,99

What is the number of books to be printed in a first edition?

Reference no: EM133081836

Questions Cloud

How can vulnerable individuals react to traumatic events : Think about vulnerable individuals you have worked with and delineate ways in which they could be affected by trauma and How can vulnerable individuals react
How could psychology be useful for your life : How could psychology be useful for your life? For example, how might psychological information be applicable to your career, personal life, and relationships, o
Why is the short-run demand curve for labor downward sloping : -What will happen to demand for workers if wage drops in short run labor hiring decision in the labor market? Explain your answer using appropriate graphs.
Type of performance evaluation : 1. At the conclusion of the performance review process, Peter felt that the feedback he received was intimidating. He got the sense that those providing feedbac
What is the number of books to be printed in a first edition : A decision must be taken about the number of books that should be printed in a first edition. Fixed costs are known to be €6,000 and the cost per book is €9. Ea
Assignment on discussion monopoly : 1. Explain why having a monopoly doesn't necessarily guarantee a profit. Answer this while keeping in mind how monopolies are formed.
Find out the horizontal and vertical axes : Suppose you have been hired by a research firm trying to understand the market for Widgets (a hypothetical product). Your analysis of the data indicates that th
Compute increase or decrease in the demand curve : The firm that hired you projects that changes in consumer demographics will cause the Demand curve to change to 9g = 250 - 5P. Does this change represent an inc
Central assumptions of neoclassical economics : Why does neoclassical economics rely so heavily on underlying assumptions of human behavior and how have those assumptions been refuted by the emerging field of

Reviews

Write a Review

Business Economics Questions & Answers

  Financial meltdown associated with subprime mortgage lending

During the recession of 2008–2009, many workers who lost their jobs were unable to afford to move to a new job in a new city and pay rent or buy another home because they could not sell the home they were in that still had mortgages. This was because..

  Interest rate parity predicts that relative to japanese yen

Suppose the Japanese interest rate is I% while the interest rate in Britain is 3%. Interest rate parity predicts that relative to the Japanese Yen,

  What price total quantity demanded by the two consumers

Suppose consumer 1 has the demand function given by D1(p) = 15−p and consumer 2 has the demand function given by D2(p) = (20 − p)/3. At what price the total quantity demanded by the two consumers is 7?

  Change inures remuneration from salary to fee for service

Given the production function between nurse hours and patient visits per day to a community clinic, how will each of the following shift this function? A change inures remuneration from salary to fee for service. A change in the case mix of patients,..

  Change in production function

Which of the following changes would lead to a change in production function? More Machines, better ideas, savings rate, output, depreciation rate? More than one choice can be chosen.

  Write down mareko intertemporal budget constraint

Write down Mareko's intertemporal budget constraint in future value terms. How much pineapple will Mareko consume in each period.

  Q eisler company consigned 80 freezers costing 500 each to

q. eisler company consigned 80 freezers costing 500 each to company. the cost of shipping the freezers amounted to840

  Calculate the explicit costs and the implicit costs

The costs of attending a state college for one year are $2,000 for tuition, $1,500 for the room, $1,000 for meals, and $500 for books and supplies. Calculate a) the explicit costs b) the implicit costs c) the total economic costs that the student fac..

  What would be the resulting rate of inflation

Suppose that natural real output in the country of Eudemonia grows at a steady rate of 3 percent per year. In the past, velocity has been approximately constant, and the Eudemonia Central Bank has maintained a target rate of growth of 4 percent per y..

  Approximate the random variable

Decide whether you can use the normal distribution to approximate the random variable x.

  Main economic issues in the health care system

What are some main economic issues in the health care system and how do you try to minimize them?

  Explain why voluntary transactions improve social welfare

Explain why voluntary transactions improve social welfare. Can consumers get more or less happiness (holding their income/wealth constant) if they are forced into transactions they don’t want versus being able to choose what transactions they partici..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd