6.3. T. W. Smitty, an emerging rapper, has reserved a recording studio for $5000 to cut his first album, called "Smart Rap." The cost of recording the album is $5000 and coples are $5 aplece. If the vinyl albums are priced at $15 each, how many must be sold to break even? What is the breakeven point in dollars? 6.4. T. W. Smitty is confident that demand for his Smart Rap album will substantially exceed the breakeven point computed in Problem 6.3.50 T. W.is contemplating having his album cut at a classier (and pricier) studio. The recording costs would rise to $9000. However, since this new studio works with very high volume, production costs would fall to $2 per vinyl album. a. What is the breakeven point for this new process? b. Compare this process to the process proposed in the previous problem. For what volume of demand should T. W. choose the classier studio? 6.5. Patricia Zell, a dollmaker from Olney, Maryland, is interested in the mass marketing and production of a ceramic doll of her own design called Tiny Trisha. The initial investment required for plant and equipment is estimated at $25.000. Labor and material costs are approximately $10 per doll. If the dolls can be sold for $50 each, what volume of demand is necessary for the Tiny Trisha doll to break even