38. A start-up company, Macrotech, plans to produce a device to translate Morse code to a written message on a home computer and to send written messages in Morse code over the airwaves. The device is...

Extracted text: 38. A start-up company, Macrotech, plans to produce a device to translate Morse code to a written message on a home computer and to send written messages in Morse code over the airwaves. The device is primarily of interest to ham radio enthusi- asts. The president, Ron Lodel, estimates that it would require a $30,000 initial investment. Each unit costs him $20 to produce and each sells for $85. a. How many units must be sold in order for the firm to recover its initial investment? b. What is the total revenue at the break-even volume? c. If the price were increased to $100 each, find the break-even volume.