Morgan Technologies sells a single product at $30 per unit. The firm's most recent income statement revealed unit sales of 80,000, variable costs of $720,000, and fixed costs of $810,000. If a $6 drop in selling price will boost unit sales volume by 20%, the company will experience:

$240,000 drop in profits.

Explanation:

The company's variable cost per unit is:

Initially, with a sales volume of n = 80,000 units at $30 each, the company's profit was:

After price drops to $24 per unit, and sales increase by 20%, the profit is:

The change in profit is:

The company will experience a $240,000 drop in profits.

can your question and add a list so i can you out?

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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