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Lada Lada
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6 years ago
Citizen sells a watch for $35 at a variable cost of $15 per unit and fixed cost of $1 million per annum. Recent recession has seen jump in material cost by $7. What is the change in profit due to recession if Citizen produces and sells 100 000 watches in a year?
A) $1 000 000 decrease
B) $700 000 decrease
C) $300 000 decrease
D) $800 000 increase
E) $1 800 000 increase
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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AxyAxy
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6 years ago
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Lada Author
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6 years ago
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