3. Suppose the fixed cost of production for a commodity is $45,000. The variable cost is 60% (4 points) of the selling price of $15.00 per unit. Find the breakeven level of output. Hint: This is like Example 2.3 on pages 69-70. Also similar to Example 2.4 I in the book on page 71. The only thing different is for you to figure out the variable cost from the given information. 4. Suppose you deposit $10,000 in a certificate of deposit at a commercial bank. Find the future value of this deposit at 10% interest rate per year after 7 years if the interest is added (compounded) a. Once a year b.Continuously (5 points)