Learning activity 1) The management of Thompson Controls must decide between three processes for its model C1 electronic thermostat. 1 1 The monthly cost of the first process is given by C(x) = 20x + 10,000 dollars, where x is the number 1 of thermostats produced; Their marketing department has recently done a survey showing that they can set a price of $58 per thermostat and expect the demand of 2800. Another possibility is for them to consider a lower quality product with a monthly cost of C(x) = 15x + 15,000 and the demand of 3100 units. In case of the second process, the selling price should not be more than 75% of $58. 1 1 1 1) What is your recommendation as their business analysis advisor? 2) How much is their monthly revenue? (based on your answer in part 1)