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Question 3 (10 points) A firm is planning to manufacture a new product. The sales department estimates the unit selling price of $150. The fixed
Question 3 (10 points) A firm is planning to manufacture a new product. The sales department estimates the unit selling price of $150. The fixed cost of manufacturing and selling the product is $ 26,000 and the following per unit variable cost exist (labor = $10, materials = $20, additional power = $ 8). If the firm wants to make a profit of $ 15,000, how many units do they need to sell to achieve that? Correct your answer to the nearest unit. For instance 21.1 = 22 units. = Your Answer: Answer Question 4 (10 points) Your microfinance loan of $ 1,000 comes with an interest rate of 13% per month. What is the effective interest rate you pay on this loan? Leave your answer in percent. Your
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