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Question: please help with this engineering economics question...

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In-Class Exercise f the wrenches i 70 Assume a company is considering raising the price o manufactures from 512 to S15 and it currently sells wrenches. Suppose the variable cost is $7 per w rench and raising the pri would cause annual sales to fall to 50,000 Is this a good idea? Prepare a recommendation for your boss. Remenber to State any assumptions Answer the question Support your recommendation with calculations a) What is the optimal volume of sprinklers? make a profit at that volume? Does Acme -Ep 87.50-15.50 25 15.50 1,800 prinders per month PTRe 2 (0.02) Profit =-(0.02)(1,000)2 + (72)(1,800)-55,000 b) What is the range of profitable demand? $9,800 per month UIGERS

please help with this engineering economics question

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