Based on the answers obtained in Requirement $(1),$ compute the average product cost per patio set. $($Round your answer to $2$

decimal places.$)$

Average product cost

per patio set

Assume that production increases to only $4,200$ sets quarterly. Would you expect the average product cost per patio set to

increase, decrease, or remain unchanged?

Increase

Decrease

Remain unchanged

Refer to the original data. The president's brother$-$in$-$law has considered making a patio set and has priced the necessary materic

at a building supply store. He has asked the president if he could purchase a patio set from the JK Company $"$at cost$,"$ and the

president has agreed to let him do so$.$

a$.$ Would you expect any disagreement over the price the brother$-$in$-$law should pay? What price does the president probably have

mind? The brother$-$in$-$law? $($Round your answer to $2$ decimal places.$)$

the president may expect a minimum price of