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COVID 19 Co. currently sells 15,000 units a month for $50 each, has variable costs of $20 per unit, and fixed costs of $300,000. COVID

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COVID 19 Co. currently sells 15,000 units a month for $50 each, has variable costs of $20 per unit, and fixed costs of $300,000. COVID 19 Co. is considering increasing the price of its units to $60 per unit. This will not affect costs, but demand is expected to drop 20%. Should the Company increase the price of its product? Select one: a. No, profit will decrease $150,000. b. No, profit will decrease $30,000. O c. Yes, profit will increase $150,000. d. Yes; profit will increase $30,000. O O

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