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Please help! 1. Define contribution margin and explain how it is used by a business 2. What is the relationship between costs, volume and profit.

Please help!

1. Define contribution margin and explain how it is used by a business

2. What is the relationship between costs, volume and profit. What does each term mean? Provide an example of how you would use it.

3. What is the contribution margin ratio and contribution margin per unit? How are they used by a business

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