Question: PLEASE SHOW ALL WORK FOR THE PROBLEM! I do not receive credit unless all work is shown. Thank you! 7. (6) A firm has fixed

PLEASE SHOW ALL WORK FOR THE PROBLEM! I do not receive

PLEASE SHOW ALL WORK FOR THE PROBLEM! I do not receive credit unless all work is shown. Thank you!

7. (6) A firm has fixed costs (rent, insurance, overhead, etc.) of $50,000 per year. Each product uses $4.00 per unit in raw materials, the firm pays workers $18.00 per hour, and each worker produces 3 units per hour. If the price would be $12.00 per unit, what is the break even in terms of both units and dollars of revenue

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