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you estimate that your cattle farm will generate $0.25 million of profits on sales

/in /by

Question

you estimate that your cattle farm will generate $0.25 million of profits on sales of $5 million under normal

economic conditions and that the degree of operating leverage is 2. (Leave no cells blank – be certain to enter “0” wherever required. Do not round intermediate calculations. Enter your answers in millions.)

a. What will profits be if sales turn out to be $2.5 million?

b. What if they are $7.5 million?

 
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