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The current financial information of Westgate Noodle House is as follows: Monthly sales: 1,000 units Price: 20 Yuan per
Posted: Wed Mar 09, 2022 8:46 am
by answerhappygod
- The Current Financial Information Of Westgate Noodle House Is As Follows Monthly Sales 1 000 Units Price 20 Yuan Per 1 (72.94 KiB) Viewed 66 times
The current financial information of Westgate Noodle House is as follows: Monthly sales: 1,000 units Price: 20 Yuan per unit Variable costs: 10 Yuan per unit Fixed costs: 5,500 Yuan per month Westgate's main competitor, Eastgate, used to offer the same price as Westgate. Eastgate has just increased its price per unit by 5% because its variable cost has increased by 1 yuan per unit. What is the minimum potential sales increase that would discourage Westgate from raising price by 5% as well? (5 points)