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hint: calculate unit production and selling price. state the break-even point.

CoursHeroTranscribedText: Question 1: An Industrial Production Company considers adding to its product lines a new "gadget" similar to one they used to produce 10 years ago, but much larger. The Manager collects the following data on which to base hisiher decision: I Size of the "gadget" will be doubie the size of the one they produced 10 yea rs ago I The Power Sizing Factor for this kind of "gadgets" is 0.52 I The production cost for the "gladget" 10 years ago was 5 300 per unit I The price they were able to sell the "gadget" 10 years ago was $ 600 per unit I The Cost Index for the gadget 10 yea rs ago was 160, it is now 220 I To expand production, the Company will need to rent additional space at a cost of $ 5,500 per month Before deciding on the implementation, the Manager wants to know how many units they must produce and sail for breaking-even. Hint: {I} assume the Power Sizing Factor and Cast indexes appiy to both production cost and seiiing price; {2) proceed by coicuioting the unit production cost and seiiing price for the iarger "gadget" now; {3} huiid the breakeven graph in excei Question 2: The production time needed to produce the first unit of a certain "gadget" is T1 = 50 hrs, and the Learning Curve Rate of such production, as measured by the Production Manager, is 67%. Build the curve of Unit Production Time for units from 1 to 20

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