the company would to increase the price of steel, Managerial Economics

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the company would to increase the price of steel

THE COMPANY WOULD TO INCREASE THE PRICE OF STEEL IT SELLS BY 6% THE MANAGEMENT FORECAST ED THAT INCOME WILL RISE BY 4% NEXT YEAR AND THAT PRICE OF ALUMINIUM WILL FALL BY 2%. IF THE SALES THIS YEAR ARE 1200 TONS OF STEEL, HOW MANY TONS CAN THE FIRM EXPECT TO SELL NEXT YEAR?

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