Managerial Economics Question.
(Please solve both A and B, and mention which one is A and B,
thank you for working so much hard for me, I appreciate it.)
1. Royersford Kinitting Mills Ltd. sells a line of women's knit
underwear. The firm now sells about 20,000 pairs a year at an
average price of $10 each. Fixed costs amount to $60,000, and total
variable costs equal $120,000. The production department has
estimated that a 10 percent increase in output...