Question: 1. Assume that sales increase by 7% in 2017, decrease by 15% in 2018 and decrease another 7% in 2018 also assume that variable costs

1. Assume that sales increase by 7% in 2017, decrease by 15% in 2018 and decrease another 7% in 2018 also assume that variable costs increase by 10% in 2017, 8% in 2018 and decrease by 9% in 2018 what happens to profits ?

2. What are you average variable costs, fixed cost and average total cost under these scenarios

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