.DOCX ert Format Tools Help Last edit was seconds ago Normal text Calibri 12 BIVA 1 2 3 4 5 problem Set #3 1. The Manchester Corporation currently produces 100 units of a particular electronic device per year. Its total costs rise with volume as shown in the table below. Units Total Costs 90 12250 91 12275 92 12300 93 12325 94 12350 95 12375 96 12400 97 12425 98 12450 99 12475 100 12500 a. What are the Manchester Corporation's total profits at a production volume of 100 units, if it charges an average price of $150 per unit? Units=100 TC=12,500 Price $150 Total Profit-Total revenue-Total expenses = (Units*Price)-TC=(100*150)-12,500 2,500 b. What if a customer comes along and wants to buy an additional unit of the electronic device (the 101st unit of production for this year), but it is only willing to pay $75 for the item? Would it make economic sense to sell the customer the electronic device for that price? 101 Units=12,525 TC Total Profit-Total revenue-Total expenses = (Units Price)-TC=(100*150)+75-12,525=2.550 Company still makes profit if they sell additional unit at $75, A N