Tesla and Ford are two leading automobile manufacturers with distinct approaches to electric vehicle (EV) production. Tesla
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Question:
Tesla and Ford are two leading automobile manufacturers with distinct approaches to electric vehicle (EV) production. Tesla focuses on high-end, premium electric vehicles, while Ford aims to produce affordable electric vehicles for the mass market.
Scenario: Tesla and Ford are developing electric SUV models, Model X and Model F, respectively. Both companies incur various costs during the development and production phases.
- Tesla's Model X Costs:
- Research and Development Expenses: $50 million
- Manufacturing Setup Costs: $30 million
- Marketing Expenses: $20 million
- Total Units Produced: 10,000
- Ford's Model F Costs:
- Research and Development Expenses: $40 million
- Manufacturing Setup Costs: $25 million
- Marketing Expenses: $15 million
- Total Units Produced: 15,000
Requirements:
- Calculate the total cost per unit for Tesla's Model X.
- Determine the total cost per unit for Ford's Model F.
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