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A company sells one product. The contribution margin per unit for this product is $7. The company decides that it wants to create a fancier

A company sells one product. The contribution margin per unit for this product is $7. The company decides that it wants to create a fancier packaging for the product, which would increase its variable cost per unit by $1. What will be the updated contribution margin per unit for the product if this new packaging is implemented

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