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Knoll, Inc. currently sells 48,000 units a month for $18 cach, has variable costs of $13 per unit, and fixed costs of $100,000. Knoll is

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Knoll, Inc. currently sells 48,000 units a month for $18 cach, has variable costs of $13 per unit, and fixed costs of $100,000. Knoll is considering increasing the price of its units to $20 per unit. This will not affect costs, but demand is expected to drop 10%. Should Knoll increase the price of its product? Multiple Choice No, profit will decrease $62,400. Yes: profit will increase $62,400. O O No, profit will decrease $140,000. Yes, profit will increase $140.000

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