A manufacturer of a common sleep aid currently sells capsules that are to be taken one-bour before bedtime. As a result of a $50,000 marketing survey it conducted, the firm decided to introduce a chen version of the sleep aid which would also be taken one-hour before bedtime. The survey indicates that consumers over 40 years old are particularly interested in purchasing chewable. Fixed costs for the manufacturing facility that would be used to produce the chewable sleep aid are expected to be $2,000,000 per year. The facility is currently being leased as warchouse space to another company for $70 per year, The variable costs for each bottle of chewables are expected to be $5.70. Each bottle of chewables is expected to sell for $10.99. a List the dollar amount for each of the following types of costs associated with introducing chewables: Decre: Sunk cost = Opportunity cost = Side effects = b. Determine the annual accounting cost function for the chewables C. Determine the annual economic cost function for the chewables d Calculate the accounting breakeven quantity for the chewables. e. Using Q= 200,000 and the economic cost function for chewables, calculate the following: C= AC= VC= MC Equations: C=FC + VC AC=C/Q AC=FC/Q + VC/0 AC= AFC + AVC MC = dC/dO QBE = FC/(P - AVC) Accounting Cost Function = explicit costs Economic Cost Function = explicit costs + implicit costs