A manufacturing firm is considering three alternatives for automation. They anticipate annual production volume to be 75,000 units. The costs for each alternative are as shown: 
a.What sales price must be charged for Alternative 1 to break even?
b.What sales price must be charged for Alternative 2 to break even?
c.What sales price must be charged for Alternative 3 to break even?
Definitions:
Lurking Variable
A variable that is not directly measured but affects the variables of interest in a study, potentially confounding the results.
Heights
Refers to the measurement of vertical length, either of an individual or object, typically measured from base to top.
Weights
Numeric values assigned to data points or features in statistical and machine learning models, usually to indicate their importance.
Correlation
A metric that demonstrates the degree to which multiple variables co-vary.
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