Problem: Assume it is 1967. Your college newspaper, The Viking Press, has fixed production costs of $70 per edition, and marginal printing and distribution costs of Mic/copy. The Viking Press sells for SOC/copy.
a) Write down the associated cost, revenue, and profit functions.
b) What profit (or loss) results from the sale of 500 copies of The Viking Press?
C) How many copies should be sold in order to break even?
d) How many papers should be sold if the desire is to make $200 per edition?