Problem 2 (See pages 126-145) Merck Corporation manufactures blood glucose meters. Each meter sells for $50 and has a variable cost of $30. There are $120,000 in fixed costs involved in the production process. (PLEASE SHOW YOUR WORK). a) Calculate Merck's operating break-even point in units b) What is Merck's operating profit (loss) when sales are 7.000 meters? d) Merck's president would like an annual profit of $600,000. How many meters must be sold to attain this profit