The fixed cost for a particular product is $10,000, the variable cost is $3 per unit, and the expected demand is 20,000 units. If the selling price of the product was $3.50/unit
a. Will the company make a profit?
b. If the company wants to make $5,000 as profit, what price should the company sell its product for?
c. If selling price is $5/unit, what is the break-even # of units the company needs to sell?