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You estimate that your cattle farm will generate $0.10 million of profits on sales of $2 million under normal economic conditions and that the degree
You estimate that your cattle farm will generate $0.10 million of profits on sales of $2 million under normal economic conditions and that the degree of operating leverage is 5. a. What will profits be if sales turn out to be $1.6 million? (Leave no cells blank - be certain to enter "0" wherever required. Do not round intermediate calculations. Enter your answers in millions.) Profit will to million b. What will profits be if sales turn out to be $2.4 million? (Do not round intermediate calculations. Enter your answers in millions rounded to 1 decimal place.) Profit will to million
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