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Assume that a company incurs a mixture of fixed and variable product costs; and that all of its operating expenses are fixed. Finally, assume

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Assume that a company incurs a mixture of fixed and variable product costs; and that all of its operating expenses are fixed. Finally, assume that the company earns a profit by making and selling 1,000 units of product. Under these conditions Multiple Choice the contribution margin will be greater than the gross margin the contribution margin will be lower than the gross margin the contribution margin will be equal to the gross margin The answer cannot be determined from the information provided.

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