Quick Quiz on Cost Concepts Suppose you sell 10 widgets per day on average and the average cost per widget is $10. If you sold 11 widgets on day, what would the affect on profits be? Suppose you were buying 10 PCs for your new business. What would some of the life cycle costs be? Give examples of"tangible"vS. "intangible benefits of a new project 2021/2/21 82021/2/21 8 Quick Quiz on Cost Concepts ◼ Suppose you sell 10 widgets per day on average, and the average cost per widget is $10. If you sold 11 widgets on day, what would the affect on profits be? ◼ Suppose you were buying 10 PCs for your new business. What would some of the life cycle costs be? ◼ Give examples of “tangible” vs. “intangible” benefits of a new project