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Ranger Corporation is currently selling widgets for $40 at a cost of $20 per unit. Fixed costs are currently $500 and the current production is

Ranger Corporation is currently selling widgets for $40 at a cost of $20 per unit. Fixed costs are currently $500 and the current production is 100 widgets.

What is the Degree of Operating Leverage at this output level?

Multiple Choice

A .5

B .75

C.1.0

D. 1.25

E. 1.5

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