Question
The details of the production process of a certain commodity and its market price is given below: Price/unit (P) = $2 Quantity produced (Q)
The details of the production process of a certain commodity and its market price is given below: Price/unit (P) = $2 Quantity produced (Q) = 12,000 Variable cost/unit (V) = $0.50 Fixed cost (F) = $14,000 What is the unit contribution margin If the variable cost per unit rises to $0.70? $2 $1.30 $1.70 $1.50
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