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Question 3 (6 pts) A company located in Saudi Arabia is producing 5 products. The variable cost, the prices and the daily production of the

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Question 3 (6 pts) A company located in Saudi Arabia is producing 5 products. The variable cost, the prices and the daily production of the 5 products are given in the table below. Price Variable daily Product (Sr) production 1 25 18 20 2 36 32 15 3 12 10 200 4 14 11 32 5 16 12 16 cost The manager of the company is aiming to produce an additional product with a variable cost of 13 Sr per unit and with a daily production rate of 52. Hi is asking you: What should be the price of the new product at the breakeven point. Note that the fixed cost per month of the company is 30600 Sr. 1 year = 360 days. 1 year = 12 months

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