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5. The Cooper Company is currently selling its single product for $55. Variable costs are expected to remain at 60% of the current selling price

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5. The Cooper Company is currently selling its single product for $55. Variable costs are expected to remain at 60% of the current selling price and fixed costs are estimated to be S8 700 per month. If the Cooper Company raises its selling price by 15%, what will happen to its variable costratio

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