A manufacturer produces children’s toys at a cost of $20 per item and sells them for $25 per item. The daily operational cost is $600. (a) Find the cost C of production for x toys. (b)Find the revenue R from selling x toys. (c) What is the break-even point? (d)The manufacturer can reduce the cost per item to $18, but with a resultant increase to $854 on the daily operational cost. Is it advantageous for him to do so? Justify your answer. (e) If it is known that only 100 toys can be produced and sold daily, what price should be charged per item to guarantee a profit (no loss)?

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