What were the new construction materials brought into regular use due to the Industrial Revolution? Why were these material better than tRichard Winchester, owner of Winchester Products, is considering introducing a new product which will require $36,000 in fixed costs per year. Winchester estimates the variable costs of each unit produced at $14.
a) If the unit selling price is set at $20, how many units must be produced and sold per year in order to break even? Use both algebraic and graphic approaches to get your answer.
b) How many units must be sold for a selling price of $20 to realize a profit of $12,000?
c) Winchester forecasts sales of 9,500 units if the selling price is set at $20, and 12,000 units if the selling price is set at $18. Which pricing strategy would you recommend to Winchester? Why?radition masonry construction?