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Note: For all the questions, provide detailed solution steps Exercise 2. (25 points) A company manufactures calculators. Fixed costs are $500 and the cost of

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Note: For all the questions, provide detailed solution steps Exercise 2. (25 points) A company manufactures calculators. Fixed costs are $500 and the cost of producing each calculator is $15. Selling price per calculator is $24. Determine a) The fixed cost of manufacturing calculators FC = (5 points) b) The variable cost of manufacturing calculators (suppose q is the number of calculators produced) VC = (10 points) c) The equation corresponding to the total cost of manufacturing calculators (10 points) TC =

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