Suppose a new product launch is estimated to have a fixed cost of

$83,000, a planned selling price of $98/unit, and a variable cost of

$36.5/unit. Calculate the number of units that need to be sold to break even. While the new product was being developed, it is learnt that a competitor will be launching a similar product at a price of

$68/unit. If this price has to be matched, what is the new breakeven point? Illustrate the total cost and revenue for both prices in a graph.