The management of Madeira Manufacturing Company is considering the introduction of a new product. The fixed cost to begin the production of the product is $27,000. The variable cost for the product is expected to be between $22 and $36 with a most likely value of $24 per unit. The product will sell for $60 per unit. Demand for the product is expected to range from 400 to 2000 units, with 1400 units the most likely demand. Let c = variable cost per unit and X = demand. a. Develop the profit model for this product. Enter your answer in the form of an expression. (Example: (C+10).x+800)
b. Provide the most-likely case, worst-case and best-case analyses.

1. an economy consists of three workers: larry, moe, and curly. each works 10 hours a day and can produce two services: mowing lawns and washing cars. in an hour, larry can either mow one lawn or wash one car; moe can either mow one lawn or wash two cars; and curly can either mow two lawns or wash one car. a. calculate how much of each service is produced under the following circumstances: a. all three spend all their time mowing lawns. b. all three spend all their time washing cars. c. all three spend half their time on each activity d. larry spends half of his time on each activity, while moe only washes cars and curly only mows lawns b. using your answers to part a, draw a production possibilities frontier and label points a, b, c, and d on your graph. explain why the production possibilities frontier has the shape it does. c. are any of the allocations calculated in part a inefficient? explain.