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What will its profit or loss be

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A firm has the capacity to produce 1,000,000 units of a product per year. At present, it is able to produce and sell only 600,000 units yearly at a total income of ? 720,000. Annual fixed costs are of ? 250,000 and the variable costs per unit are of ? 0.70.

Question: If the firm can increase its sales to 80% of full capacity, what will its profit or loss be, assuming that its income and variable costs per unit remain constant?

Reference no: EM133127054

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