aerenade stand. The wholesale cost of lenor isso.50 per unt. The ofr for thestand is S30 per day. You need to choose your reing and advertwg strateg If you set the selling price to $1.50 per unit and spend $0 on advertising, you will sell 160 units per day : If you reduce the seling price to $1.20 per unit and spend $0 on advertising, you will sell 240 units per day c:tr you set the selong price to S1.50 per unit and spend $30 per day on advertis ng, yo. w.-240 day. Compute revenue, costs, and profit per day for each alternative Costs: Rent Advertising Profit b) Which alternative should you choose e) Is rent a relevant cost? YES (the cost differs across aiternatives; it should not be ignored) ) Is "dvertising relevant cost? be ignored) can be ignored) ves (tho cost dimers across alternatives; should NO (the cost is the same for all three aiternatives