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The manager of a small firm is considering whether to produce a new product that would require leasing some special equipment at a cost of $20,000...
The manager of a small firm is considering whether toproduce a new product that would require leasing some specialequipment at a cost of $20,000 per month. In addition to thisleasing cost, a production cost of $10 would be incurred for eachunit of the product produced. Each unit sold would generate $20in revenue.Develop a mathematical expression for the monthly profitthat would be generated by this product in terms of the numberof units produced and sold per month. Then determine how largethis number needs to be each month to make it profitable to producethe product.
