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Minden Company introduced a new product last year for which it is trying to find an optimal selling price. Marketing studies suggest that the company
Minden Company introduced a new product last year for which it is trying to find an optimal selling price. Marketing studies suggest that the company can increase sales by units for each $ reduction in the selling price. The companys present selling price is $ per unit, and variable expenses are $ per unit. Fixed expenses are $ per y What is the present yearly net operating income or loss? What is the present breakeven point in unit sales and in dollar sales? Assuming that the marketing studies are correct, what is the maximum annual profit that the company can earn? At how many units and at what selling price per unit would the company generate this profit? What would be the breakeven point in unit sales and in dollar sales using the selling price you determined in above eg the selling price at the level of maximum profitsear.
I just need help with # I keep getting it wrong
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