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Maize Plastics manufactures and sells 100 100 bottles per day. Fixed costs are $ 22 comma 000 $22,000 and the variable costs for manufacturing 100
Maize Plastics manufactures and sells 100 100 bottles per day. Fixed costs are $ 22 comma 000 $22,000 and the variable costs for manufacturing 100 100 bottles are $ 50 comma 000 $50,000. Each bottle is sold for $ 1 comma 300 $1,300. How would the daily profit be affected if the daily volume of sales drop by 10 10%?
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