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McHardee Press publishes the Fast Food Menu Book and wishes to determine how many copies to print. There is a fixed cost of $6,000 to
McHardee Press publishes the Fast Food Menu Book and wishes to determine how many copies to print. There is a fixed cost of $6,000 to produce the book and the incremental profit per copy is $0.50. Any unsold copies of the book can be sold at salvage at a $.70 loss. Sales for this edition are estimated to be normally distributed. The most likely sales volume is 14,000 copies and they believe there is a 3% chance that sales will exceed 20,000. a. How many copies should be printed? (15 points) b. If the incremental profit per copy drops to $0.40, how many copies should be printed
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