Consider the case of a manufacturer of wind turbines. Currently, a 1.5 MW wind turbine has a price of $1.7 million and a variable cost of $1.3 million. If the manufacturer considers raising the price by 3%, what would be the volume loss that is allowable in order to at least maintain profits?

Answer rating: 100% (QA)

To calculate the volume loss allowable to maintain profits when considering a price increase we need ... View the full answer