Question: A publishing company is planning on developing an advanced quantitative analysis book for graduate students in doctoral programs. The company estimates that sales will be

A publishing company is planning on developing an advanced quantitative analysis book for graduate students in doctoral programs. The company estimates that sales will be normally distributed, with mean sales of 60,000 copies and a standard deviation of 10,000 books. The book will cost $16 to produce and will sell for $24; fixed costs will be $160,000.
(a) What is the company's break-even point?
(b) What is the EMV?

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