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A company reports the following annual information for a product: Sales price$48 per unitVariable costs$15 per unitFixed costs$150,000Units produced and sold30,000 units If the sales

A company reports the following annual information for a product:

Sales price$48 per unitVariable costs$15 per unitFixed costs$150,000Units produced and sold30,000 units

If the sales price is increased to $50 per unit and nothing else changes, how much will net income increase?

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