Honswork Chapter 1 Solve the following Problenss. Be sare to use Exeel and Word for your work. All werk needs to be shown. Problem 1) The nanager of a snall firm is considering whether to prodoce a new prodoct than would require leasing some special equipnnent at a cost of $20,000 per month. In addition to this leasing coss, a production cost of 510 would be incured for each unit of the peoduct prodused. Fach unit sold would gencrate 520 in revenue. product in terme of the number of ustits produced and sold per month. Ther defermine how lange Problen 2) Management of the Toys RAU Company necks to decide whether to introduce a certain new novelty tory for the upcoening Christmas scawor, after which it would be discontiened. The botal cont required to produce and market this toy wruld be 5500000 plus $15 per toy prodaced. The company would receive a revenue of $35 for each toy sold. Acrmis af de nubber produced and sold. Thon find she break-even pount char this nhmber mut B) Now assume thar dise mumber dhar woud be sold might be Less than she number prodinced. Write an expresion for the profit in terwes of these two numbers. nunbers. D. Write a inabhemanted expressiow for die cowstraine shat ahe mumbor producrd showld nor exceed the number shat cow be wold