John's T-shirt business uses the demand function P= -Q + 38 and the supply
function P = Q-6. According to these functions, what will the equilibrium
point be for John's T-shirt business (i. e., the number of T-shirts sold and the
price at which they're sold)?
O A. (6,38)
O B. (16,22
O C. (22,16)
O D. (38,6)

Engberg company installs lawn sod in home yards. the company’s most recent monthly contribution format income statement follows: amount percent of sales sales $ 80,000 100% variable expenses 32,000 40% contribution margin 48,000 60% fixed expenses 38,000 net operating income $ 10,000 required: 1. compute the company’s degree of operating leverage. (round your answer to 1 decimal place.) 2. using the degree of operating leverage, estimate the impact on net operating income of a 5% increase in sales. (do not round intermediate calculations.) 3. construct a new contribution format income statement for the company assuming a 5% increase in sales.