'LIIIhen making the determination ofwhelher or not a selling price should be increased there are rnan1,r diererrt aspects to take into considelatj on. Faulsen Corrpantr sells only one product. The reg ular selling price is $50. variable costs are FEW; ofthis selling price. and xed costs are WEED per rronth. Management deci desto increase the selling price i'om to $55 per unit. Assume that the cost ofthe product and the xed opelating expenses are not changed bythis pricing decision. In a response of4EIEI-EiEIEI words answer the following: 1. 'LIIIhat oost-uolurre relationships should Faulsen take into oonsidelalion 'iorthe original price and the proposed new selling price? 2. Discussthe non-rronetargfactorsthat should be taken into oonsidelation before Iaising a selling price