Question: Problem #2 (Scenario Manager for Newsvendor Problem 20 points): Create a model to calculate the profits for a company making this product. The formula for

Problem #2 (Scenario Manager for Newsvendor Problem 20 points): Create a model to calculate the profits for a company making this product. The formula for profits is:

Profits = revenue fixed costs variable costs

Revenue = unit price * units sold

Variable costs = unit cost * quantity produced

Units sold (you need to figure out for yourself)

Unit price $60

Unit cost $35

Fixed cost $550,000

Quantity produced 60,000

Uncertain Demand

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