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XYZ Company is currently selling its single product for $15. Variable costs are estimated to remain at 70% of the current selling price and fixed

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XYZ Company is currently selling its single product for $15. Variable costs are estimated to remain at 70% of the current selling price and fixed costs are estimated to be $4,800 per month. If XYZ decreases its selling price by 10%, its variable cost ratio will: Select one: a. Cannot determine with the information given Ob increase c. None of the given answers d. not change. e decrease

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