Question: what is the answer? please explain Question 7 5 pts For a consumer product, the MSRP (Manufacturers Suggested Retail Price) is $5500. The wholesale price

what is the answer? please explain Question 7 5 pts For

what is the answer? please explain

Question 7 5 pts For a consumer product, the MSRP (Manufacturers Suggested Retail Price) is $5500. The wholesale price from the manufacturer to the retailer is $3000. The manufacturer faces a marginal cost of $1800 per unit to produce the product. What is the contribution margin for this product for the retailer if priced at MSRP? 40% 83% 67% 45%

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