A company produces a security device known as Toejack. Toejack is a computer chip that parents insert between the toes of a child, so parents can track the child’s location at any time using an online system. The company has entered into an agreement with an Internet service provider, so the price of the chip will be low. Set up a demand function—a schedule of how many Toejacks would be demanded by the public at different prices.

Write the business summary analysis by filling in the blanks. In summary, to start this business,

a. _ Toejacks should be manufactured. Each should be sold at $_.

b. _ The breakeven point is reached at a price of $ _.

c. _ or $_.+

d. _ but a profit is made at any price between those prices. At the selling price, there is a revenue of $ e. and expenses of $_.

f. _, resulting in a profit of $_, g_.