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The cost function for a manufacturer to produce a laptop is: Cost=$8000 + $300X; where X is the number of laptops produced. Each laptop sold

The cost function for a manufacturer to produce a laptop is:

Cost=$8000 + $300X; where X is the number of laptops produced.

Each laptop sold can bring in a unit revenue of $700. Answer the following question:

(Question 1) What is the fixed cost and the marginal cost for the laptop production?

(Question 2) Report the profit when the laptop production X is 50

(Question 3) Use a breakeven analysis and report the breakeven point for the laptop production X.

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