Question: 8 Suppose operating leverage, as we defined it, is 3. Income at current production levels is $20,000. What is the effect on income of a

8 Suppose operating leverage, as we defined it, is 3. Income at current production levels is $20,000. What is the effect on income of a 10 percent increase in activity? a. 10 percent increase in income b. 3.33 percent increase in income C. 3.33 percent decrease in income d. 30 percent increase in income. Oa Ob d

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