A publishing house is going to publish a new book for which the following data have been estimated: Typesetting materials: 8,000, Typesetting: 70,000, Printing/Binding: 6 for each copy, Administrative expenses: 3 for each copy, Sales promotion: 12,000, Sales commission: 2 for each copy, Storing: 3 for each copy, Copyright: 6 for each copy. The expected book price is 30. (a) Calculate the fixed cost and the average variable cost of this publication. (b) Formulate the total cost function. (c) Find the level of production and revenue which correspond to the break-even point. (d) Construct the cost-revenue graph and show this break-even point. (e) Find the level of production that leads to profit equal to 60,000 and the total revenue corresponding at this point. (f) If a technology reduces the fixed cost to 50,000 without affecting the average variable cost. What will be the new levels of production and revenue which correspond to the break-even point? What are the corresponding magnitudes for profit equal to 60,000? Show this in a new diagram. (g) If the fixed cost remains at its initial level but the average variable cost is reduced to 15. What will be the new levels of production and revenue that correspond to the break- even point? What will be the corresponding magnitudes for profit equal to 60,000? Show these new facts in a new diagram. (h) If all the cost data remain at their initial level but the book price increases to 35, what will be the new levels of production and revenue that correspond to the break-even point? What will be the corresponding magnitudes for profit equal to 60,000? Show these new facts in a new diagram