In Part 3 of Module 8, Sarah and Matt are trying to determine if they should buy the custom mold or use the labor- intensive process to produce their bike product. Fixed cost Variable Cost (per unit) Equation | $ 15,000.00 $ 0.50 y = 0.5x + 15000 Custom Mold Labor- Intensive $ 500.00 $ 5.00 y = 5x + 500 1. How would you find the average cost per unit of each process? 1. If you sold 500 units, what would be your average cost per unit for the custom mold process? 2. If you sold 500 units, what would be your average cost per unit for the labor-intensive process? 3. Describe this in general. 2. What would you expect the average cost per unit to be for each process at the breakeven number of units? 3. What would you expect to happen to these averages as the number of units increase? 4. Discuss the minimum price you would charge for this product and why? 5. Breakeven values occur in many contexts. Discuss other areas where you have run across this concept or one similar