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you estimate that your cattle farm will generate $1 million of profits on sales of $4 million under normal economic conditions and that the degree

you estimate that your cattle farm will generate $1 million of profits on sales of $4 million under normal economic conditions and that the degree of operating leverage is 8. a. What will profits be if sales turn out to be $3.5 million? (Negative amount should be indicated by a minus sign.) Profits will decline by ___ %? b. What if they are $4.5 million? Profits will increase by ___ %?

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