Problem 1. The xed cost of developing Boeing's new aircraft, the 3'97, is $6 billion. The average variable cost per aircraft is $100,000,000 (and it does not depend on the production volume). The current sales price is $140,000,E0. a. What is the projected breakeven volume (i.e., the quantity at which total prots equal zero)? Show your work. b. Suppose the demand for the aircraft is given by the equation: Q = 250 ' 1,000,000 How many units will Boeing sell at a price of $140,000,000? Show your work. c. Is the Boeing T9? program protable under those conditions? {1. Calculate the marginal revenue at the price of $140,0lll,000. e. What can Boeing do with price to maximize profits on the T91"? Be specific and show your work. When charging the protmaximizing price, does Boeing make profits after covering its xed cost? f. Calculate the demand elasticity at the price you have suggested in part c, above. Show your work