the college newspaper, The Collegiate Investigator, has fixed production costs of $70 per edition and marginal printing and distribution costs of 40 per copy. The newspaper sells for 50 per copy. Write down the associated cost, revenue, and profit functions. How many copies should be sold to break even? a. Cost function: b. Revenue function: c. Profit function: d. Number of copies to break even: e. In your own words, what does it mean to break even?

Part 2: the company sells flavored water. The demand for bottles of water is = 60+150, if the selling price is $. The supply equation for the bottles of water is =8060. Find the equilibrium price (to the nearest cent) for the bottles of water and interpret what that price means. a. What is the equilibrium price in this situation? b. What does the equilibrium price mean in this situation? c. What would happen to the supply if the price was more than the equilibrium price you found? d. What would happen to the supply if the price was less than the equilibrium price you found?