Last year Wei Guan Inc. had $350 million of sales, and it had $270 million of fixed assets that were used at 63% of capacity. In millions, by how much could Wei Guan's sales increase before it is required to increase its fixed assets?

Last year Wei Guan Inc. had $350 million of sales, and it had $270 million of fixed assets that were used at 63% of capacity. In millions, by how much could Wei Guan's sales increase before it is required to increase its fixed assets?

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter23: Profit Maximization

Section: Chapter Questions

Problem 15E

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