A firm makes two products: frying pans and saucepans. Frying pans sell for $44 each and saucepans sell for $34 each. The variable cost of making a frying pan is $27.0, and the variable cost of making saucepans is $9.4. The firm has additional manufacturing costs of $2.4 million.
1) Additional Profit = (Sell Price- Variable cost)*No of Additional Unit Additional Profit = (34-9.40)*100 Additional Profit... View the full answer