Cox Electric makes electronic components and has estimated the following for a new design of one of its products:

Fixed cost = $10,000

Material cost per unit = $0.15

Labor cost per unit = $0.10

Revenue per unit = $0.65

a. Build an influence diagram that illustrates how to calculate profit.

b. Give a mathematical model for calculating profit.

c. If Cox Electric makes 12,000 units of the new product, what is the resulting profit?