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FunnyPharm is a producer of various pharmaceutical products. A new skin-care product on the market currently sells for $5 per unit, has a Variable Cost
FunnyPharm is a producer of various pharmaceutical products. A new skin-care product on the market currently sells for $5 per unit, has a Variable Cost of $3 per unit, and the Fixed Costs for this product line is $10000.10000 units of this product have been sold. Use the above information from regarding FunnyPharm and their new skin-care product. Keith, the new intern, has an idea that if the price per unit is reduced by 25 cents, then sales would likely increase by %10. What is the new Contribution Margin? A) $22000 B) $19250 C) $47500
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