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The following information is provided for a product: Selling Price Materials Labor Variable Costs $125.00 $40.00 $22.50 $12.50 Material is a scarce resource. The product

The following information is provided for a product: Selling Price Materials Labor Variable Costs $125.00 $40.00 $22.50 $12.50 Material is a scarce resource. The product uses four pounds of material. How much would the company be willing to pay for one more pound of material? YOUR ANSWER CORRECT ANSWER $22.50 $21.00 $10.00 $12.50

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