For a given nominal interest rate, a reduction in expected inflation will cause A) a reduction in the real interest rate. B) an increase in the real interest rate. C) an increase in investment. D) an increase in money demand. E) none of the above

You estimate that your cattle farm will generate $0.15 million of profits on sales of $3 million under normal economic conditions and that the degree of operating leverage is 2. (leave no cells blank - be certain to enter "0" wherever required. do not round intermediate calculations. enter your answers in millions.) a. what will profits be if sales turn out to be $1.5 million?