e) Graphically illustrate the break-even value.

Please write the formulas you use clearly. Show all account details. Also comment on the questions that require comments.

Question #3 (18p.): Andy Mendoza makes handcrafted dolls and sells them at craft fairs. He is considering massproducing the dolls to sell in stores. He estimates that the initial investment for plant and equipment will be $25,000, whereas labor, material, packaging, and shipping will be about $10 per doll. Let X be the number of handcrafted dolls produced. Suppose that the dolls are sold for $30 each