The average cost/unit for the production of a particular component at a manufacturing plant varies with the number of units produced in each batch. The data are given below:
Suppose the selling price of each unit is $35. a. Build a model to calculate the profit of the manufacturing industry if the demand is 20. b. Construct a data table that shows the profit per unit as a function of demand if the demand ranges between 20 units through 80 units in increments of 10 units.
Definitions:
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