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Consider the following data: TFC = $1,500,000 per year; price = $.79; AVC = $.39. What is the Contribution Margin? (Select the closest anwswer)

Consider the following data: TFC = $1,500,000 per year; price = $.79; AVC = $.39. What is the Contribution Margin? (Select the closest anwswer) 59% 49% 39% 69% 79%.

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