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Morgan Technologies sells a single product at $30 per unit. The firm's most recent income statement revealed unit sales of 75,000 , variable costs of
Morgan Technologies sells a single product at $30 per unit. The firm's most recent income statement revealed unit sales of 75,000 , variable costs of $825,000, and fixed costs of $540,000. If a $6 drop in selling price will boost unit sales volume by 20%, the company will experience: Multiple Choice no change in profit because a 20% drop in sales price is balanced by a 20% increase in volume. an $60,500 drop in profit. a $255,000 drop in profit. a $540,000 drop in profit. None of the answers is correct
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