Widget Sales Jesaki Inc. is trying to enter the widget market. The research department established the following price-demand, cost, and revenue functions: where x is in thousands of widgets and C(x) and R(x) are in thousands of dollars. The price p(x) is the price in dollars of one widget when the demand is x thousand widgets. All three functions have domain 1x50. Use this information to answer questions 1-10 below. Question 1 Use the Sales information above to answer this question. Select the words or phrases that give a correct interpretation of the statement p(5)=54. When the demand is , the price for one is When the price for one is , the demand is Use the Sales information above to answer this question. The value x=1.729 should be used in the cost model to estimate the cost of producing how many widgets? widgets. Round to the nearest widget. Question 3 How many widgets should Jesaki Inc. produce and sell in order to maximize revenue? widgets. Round to the nearest widget. Question 4 How many widgets should Jesaki Inc. produce and sell in order to maximize profit? widgets. Round to the nearest widget. Use the Sales information above to answer this question. What is the maximum profit Jesaki Inc. can expect from widget sales? Round to the nearest dollar. Note: The profit may be negative, if Jesaki Inc. experiences a loss. Break-Even Analysis Any manufacturing company has costs which include fixed costs such as plant overhead, product design, setup, and promotion; and variable costs that depend on the number of items produced. The revenue is the amount of money received from the sale of its product. The company breaks even if the revenue is equal to the cost. Question 6 Use the Sales information above to answer this question. What is the smallest number of widgets that can be produced and sold for Jesaki Inc. to break even? widgets. Round to the nearest widget. Question 7 Use the Sales information above to answer this question. What is the largest number of widgets that can be produced and sold for Jesaki Inc. to break even? widgets. Round to the nearest widget