The Imsocool Refrigerator Company has projected the following demand for their family of specialty refrigerator

The Imsocool Refrigerator Company has projected the following demand for their family of specialty refrigerator

There are currently 10 workers on the production line, and there is no physical space to have any more. Each of the workers can produce 20 of the refrigerators per month, with the capability to produce an additional four per worker per month on overtime. A unit produced by overtime costs an additional $30. The company can also use a subcontractor, but to do so will increase the cost $34 over the normal cost. The current price of the refrigerator allows for a profit of $40 per unit over normal cost. The marketing department announces that they can project that if they raise the price by $15, the demand during the last 4 months with high demand can be reduced to only 300 per month demand. Financially, should they consider the price increase or not