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A company has two products: Product 1 and Product 2. The company's fixed costs are $120,000 per year. Detailed information about Product 1 and Product

A company has two products: Product 1 and Product 2. The company's fixed costs are $120,000 per year. Detailed information about Product 1 and Product 2 follows: Product 1 Product 2 Price $11.00 $9.50 V. Cost 7.50 4.50 What is the approximate margin for Product 1? $3.50 O 31.8% O 68.2% O Not enough information is provided to answer the

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