J&K Corporation sells a low-cost, high-volume product. For this product, it is equally likely that annual unit sales will be low, moderate, or high. If the sales are low (50,000 units), the company can sell the product for $11 per unit. If sales are moderate (75,000 units), we expect a competitor to enter the market, so J&K will sell the product for $10 per unit. If sales are high (100,000 units), there will be even more competition and the company will only be able to sell the product for $8.50 per unit.

Annual fixed costs for production of this product are $35,000.

Variable costs per unit produced is uncertain, but it follows a normal distribution, averaging $7.50 per unit, with a standard deviation of $0.75.

Build a model below to calculate J&K's annual profit for this product. Use a data table to generate 1000 iterations of the model.

Evaluate the results by calculating the average, standard deviation, min, and max of the annual profit.

Please share the model built.

A. Which of the following is thedecision variable in this model?

Group of answer choices

1. Variable Cost
2. Selling Price
3. Units Sold
4. There is no decision variable in this model

B. There are twouncertainty (random) variables in this problem.Select the two variables that shouldrepresent uncertainty in this model.

Group of answer choices

1. Annual Unit Sales (Low, Moderate, High)
2. Variable Cost per Unit
3. Fixed Cost
4. Profit

C. Adjust your model so that 100,000 units are sold and set the variable cost per unit at $7.50.What is thetotal profit under these conditions?

D. Adjust your model so that 100,000 units are sold and set the variable cost per unit at $7.50.What is the Total Costunder these conditions?

E. Adjust your model so that 100,000 units are sold and set the variable cost per unit at $7.50.What is the Total Revenueunder these conditions?