5. Tipton Metals, a fictional manufacturer of metal castings, needs an additional plant to expand its capacity. The company's managers have identified three potential locations: Sandusky, Ohio; Erie, Pennsylvania; and Pittsburgh, Pennsylvania. All three locations will generate the same revenue per unit of the product produced but have different cost structures as the following table shows. Given this cost information: (20 pts) Location Fixed Costs Variable Costs per Unit Sandusky, OH $ 40,000 $ 50 Erie, PA $65,000 $35 Pittsburgh, PA $ 80,000 $25 a) What is the total cost for manufacturing 50,000 units in each location? (5 pts) b) Calculate points of indifference for the locations. Draw a chart to illustrate the points of indifference. (10 pts) c) Conclude which location is the most cost efficient at which production volume. (5 pts)