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The MIU concert band has fixed costs of $200 per concert and variable costs of $1.00 per person who attends the concert. If they raise
The MIU concert band has fixed costs of $200 per concert and variable costs of $1.00 per person who attends the concert. If they raise their ticket price from $1.25 to $1.50, their contribution margin and break even quantity (select one):
Question 8 options:
cannot be determined from given information
both increase
both decrease
decreases and increases, respectively
increases and decreases, respectively
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