**Educational Website Content: Analyzing Product Cost and Revenue Data**To analyze the cost and revenue of different products, consider the following questions and use the accompanying graph for reference. The company produces 83,000 parts of Product A and 39,000 parts of Product B monthly.---**Graph Analysis:**The graph titled "More Info" provides a visual representation of both total cost and revenue over time for two products, A and B. - **Axes:** - The x-axis represents Time (t) in months. - The y-axis captures Total Cost or Revenue in millions of dollars.- **Lines on the Graph:** - The **solid green line** depicts Product A’s Total Cost. - The **dashed blue line** represents Product B’s Total Cost. - The **dotted red line** illustrates Product A’s Revenue. - The **dashed red line** shows Product B’s Revenue.The intersection of cost and revenue lines indicates the breakeven point.---**Questions:****(a) Which Product has the higher variable cost, and what is this value in dollars per part?**- Product B has the higher variable cost, which is $0.50 per part.**(b) Which Product has the higher selling price, and what is this value in dollars per part?**- Product B has the higher selling price, which is $1.69 per part.**(c) Which Product has the faster breakeven time, and what is this value in months?**- Product B reaches breakeven faster, in 22 months.**(d) At 6 years, which Product makes more profit and what is this value in dollars?**- At 6 years, Product A generates more profit, amounting to $4,850,000.---This analysis helps understand the comparative financial performance of products to aid in strategic decision-making.

Answered: Image /qna-images/answer/9ff7e9f3-ff41-4fca-990c-feb6e10c365e.jpg

Use the accompanying graph to answer the following questions. Assume the company makes 83,000 parts per month of Product A and 39,000 parts per month of Product B. Click the icon to view the provided graph. (a) Which Product has the higher variable cost, and what is this value in units of dollars per part? Product B has the higher variable cost. This value is $.50 /part. (Type an integer or a decimal. Round y (b) Which Product has the higher selling price, and what is this value in units of dollars per part? Product B has the higher selling price. This value is $ 1.69 /part. (Type an integer or a decimal. Round (c) Which Product has the faster breakeven time, and what is this value in units of months? Product B has the faster breakeven time. This value is 22 month(s). (Type a whole number.) (d) At 6 years, which Product makes more profit and what is this value in units of dollars? At 6 years Product A makes more profit. This value is $4,850,000 (Type a whole number.) More Info Total Cost or Revenue [$] Milions $6- $5 $4 $3 Product A Total Cost Product B Total Cost Product A Revenue Product B Revenue

Use the accompanying graph to answer the following questions. Assume the company makes 83,000 parts per month of Product A and 39,000 parts per month of Product B. Click the icon to view the provided graph. (a) Which Product has the higher variable cost, and what is this value in units of dollars per part? Product B has the higher variable cost. This value is $.50 /part. (Type an integer or a decimal. Round y (b) Which Product has the higher selling price, and what is this value in units of dollars per part? Product B has the higher selling price. This value is $ 1.69 /part. (Type an integer or a decimal. Round (c) Which Product has the faster breakeven time, and what is this value in units of months? Product B has the faster breakeven time. This value is 22 month(s). (Type a whole number.) (d) At 6 years, which Product makes more profit and what is this value in units of dollars? At 6 years Product A makes more profit. This value is $4,850,000 (Type a whole number.) More Info Total Cost or Revenue [$] Milions $6- $5 $4 $3 Product A Total Cost Product B Total Cost Product A Revenue Product B Revenue

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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