Writing Response: 2 paragraphs EXPENSE Widget is a financial term used to represent a manufacturer's product. Think of a specific product that can be sold that will fit the numbers in the problem. You can use a product from the Shark Tank episodes we watched if you want. Paragraph 1- 6 sentences minimum What does the product do? What is the price of the product? How much did it cost for you to start the business of selling this product? Why did you choose to sell this product? Do you think this business will be successful? Explain how you came up with the revenue function. Explain the meaning of the y-intercept and slope of the revenue function. Paragraph 2 - 6 sentences minimum How many units needed to be sold for you to reach the breakeven point? Explain what the breakeven point means in terms of revenue and cost. After the breakeven point, describe the distance from the revenue and cost graphs numerically. What does this distance represent? Would you consider raising the price of the product in order to make more money? Partner Grading Checklist: Equation for Revenue-10 points Graph of revenue and cost using two colors, appropriate scale and labels: 30 points Find the breakeven point algebraically (Hint: set the two equations equal to each other and solve fo *)-10 points Find the breakeven point graphically using calculator (20 calc intersect)-10 points Paragraph 1- 20 points Paragraph 2- 20 points Indicate the next steps your partner can take to fix their work