Assume that a firm produces a consumer product at a variable cost of $7.25 and has fixed costof $75,000 per month. Currently the firm sells 14,000 units per month priced at $14 per unit.What is the currentprofitability of the firm?What happens to profitability if:a)Variable costs increase by 1%?b)Fixed costs increase by 1%?c)Units sold decreased by 1%?d)Price decreases by 1%?e)Which of the above has the greatest impact to profitability?
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