X110: ANALYSIS QUESTION 1 [Module 1 (10 points)] [After completing Modules 1A and 1B, you should be able to provide brief responses to the "a" and "b" parts of this Analysis Question. The actual data on which the total Cost, Revenue and Profit estimating equations are based are provided on the attached AQ1(2021)Data.xlsx Minimize File Preview ZOOM + AQ1 (2021] Units [x] Cost [C] Rev [R] Profit [P] 10 66500 4500 -62000 20 73000 9000 -64000 50 92500 22500 -70000 800 112000 36000 -76000 100 125000 45000 -80000 120 138000 54000 -84000 130 144500 58500 -86000 for information purposes. Developing a system graph for the data is left up to your discretion, and is not essential to developing a solution. Most individuals find a graph helpful, however. The graph itself will not be graded nor need it be provided as part of your solutions.] You have been asked to take over management of a product line by your Division Manager. Your Cost model for this product line is C = 650(x) + 60,000, where "x" represents units produced during a particular sales period and C represents total Costs. Upon assuming product line responsibility, you note that the price p of $450 per unit set by your predecessor for the past few sales periods resulted in a Revenue model of R = (p)(x) = 450(x). Provide brief answers in the space provided to parts "a" and "b" below. a. [5 pts.] Based on the information available, speculate on why your predecessor is no longer managing this product line. b. [5 pts.] If your market research department reports no limiting production or market constraints on "x", what is the minimum price p you would want to set in order to eventually "break even