Clipper Company sells two types of nail clippers. One focuses on the economy oriented customer and the other aims to satisfy the high-end clientele. The economy clipper cost $8 and has a sales price of $12. The high-end model costs $16 and sales for $20. Fixed costs associated with this product line amount to $60,060. Economy clippers constitute 70 percent of the market with the remaining 30 percent being high-end clippers. Based on this information what is the weighted average contribution margin? Multiple Choice $5.5 $4.5 $4.0 $1.0