Walmart is assessing the costs for opening a new retail store. Fixed construction costs are $50 million, variable costs per item sold are $0.50, and Walmart expects to sell 10 million items. Additionally, operational costs are projected to be $20 million.

Requirements:

• Calculate the total construction and operational costs.
• Determine the cost per item sold.
• Analyze the impact of selling an additional 2 million items.
• Discuss the significance of managing operational costs.
• Recommend strategies for optimizing retail store operations.