M. Anthony LLP produces music in a studio in London. The cost of producing one typical song follows Average Coat per Bong Labor, including musicians and technicians Viable ovenead including chance support Fede Manting and administrative costs (alfa) Total cost per song $17,100 3,100 21,100 MONE $77.352 The fixed costs allocated to each song are based on the assumption that the studio produces 50 songs per month Required Treat each question independently Unless stated otherwise, M. Anthony charges $81,000 per song produced a. How many songs must the firm produce per month to break even? Number of sungs b. Market research estimates that a price increase to $91,000 per song would decrease monthly volume to 42 songs. The accounting department estimates that fixed costs would remain unchanged in total, and variable costs per song would remain unchanged if the volume were to drop to 42 songs per month. How would a price increase affect profits?