INSTRUCTIONS: - Solve the pricing value problems below BY HAND on a separate sheet of paper. - Calculate the problems based on the equations you learned from the textbook. - circle your final answer. - You must show your full work HAND-WRITTEN to receive full credit, Do not type your answers. - Scan and upload your assignment by the due date. PROBLEMS: 1. Muffy Crosswire has parthered with David's Toys to produce a line bridal gowns for dolls. Their best-selling gown includes a customizable train and crystal studded gown and their lowestselling design has colored flowers on the dress. Muffy and David's Toys are considering lowering the sellinz price of the flowered gown to stimulate demand. However, before lowering the price, they must evaluate the total costs associated with the gown. - Fabric and materials - $12/ gown - Labor to construct the gown - $10/ gown - Equipment cost for these gowns (sewing machine) - $1,000 Muffy and David's anticipate selling 500 doll gowns after lowering the selling price. Assuming their projection is accurate, what is the total average cost they will incur per gown? 2. Mr. Ratburn estimates that the fixed costs associated with opening his tutoring practice for third grade student's studio are $10,000. He expects the tutoring practice to book 50 sessions in the first year, each of which will cost him $15 to service. He estimates the studio will generate $25,000 in revenue. For Mr. Ratburn, the total cost of opening his tutoring practice and staying in business for one year will be: MKT 300 - Pricing Value Problems 3. Brain sells a science kit for making glow-in-the-dark slime. Brain sells each slime kit for $18. The average variable cost for each slime kit is $7, and the total annual fixed cost for operation is $500. What is the break-even point in units? Round to the nearest whole number