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Business, 21.03.2020 06:55 TierraNicole6865

You currently sell 50,000 units of a product for $40 each. The unit variable cost of producing the product is $5. You are thinking of cutting the product price by 30% because you are confident that this drop in price will increase sales by an amount of 10% through 50%. Perform a sensitivity analysis to show how profit will change as a function of the percentage increase in sales. Ignore fixed costs.

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