Question 3 Not yet answered Moon Karak sells tea. The average selling price of a cup is OMR 0.500 and the average variable expense per cup is OMR 0 150. The average fixed expense per month is OMR 500. An average of 3,100 cups are sold each month, Contribution margin ratio for Moon Karak is closest to: varied out of Flag Question Select one: a. 70.0% b. 72.7% c. 35.0% d. None of the answers given e. 75.0% Question 4 Which of the following is true regarding the contribution margin ratio of a company that produces only a single product? Not yet answered Marked out of Flag question Select one: a. The contribution margin ratio divided by the selling price per unit equals the contribution margin per unit. b. The contribution margin ratio will decline as selling price declines. c. None of the given answer is correct. d. The contribution margin ratio equals the selling price per unit less the variable expense ratio e. As fixed expenses decrease, the contribution margin ratio increases 30