Question: A firm is experiencing an increase in variabRefer to Table 5-1. At 300 units of production, the Steel Shelf Company.... Category Payment Period Cost Rent

A firm is experiencing an increase in variabRefer to Table 5-1. At 300 units of production, the Steel Shelf Company.... Category Payment Period Cost Rent Monthly $3,000 Utilities Monthly 1,100 Insurance Quarterly 1,200 Property Tax Annually 6,000 Steel Per Shelf 9.00 Forming Per Shelf 0.25 Labor Per Shelf 0.75 Price 20.00 Group of answer choices loses $1,000 earns $2,000 loses $2,000 earns $1,000le costs. What can the firm do to maintain its profitability from sales? Group of answer choices Lower its price to gain a greater market share. Increase its fixed costs to balance out its increased variable costs. Raise its price to increase its contribution margin. Decrease its fixed costs to break even sooner

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