Which of the following statements are true? a) Contribution doesnt include fixed cost whereas profit includes fixed
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Question:
Which of the following statements are true?
a) Contribution doesn’t include fixed cost whereas profit includes fixed cost.
b) Contribution is not based on the concept of marginal cost.
c) Contribution above breakeven point becomes profit.
d) All of the above
Related Book For
Engineering Economy
ISBN: 978-0132554909
15th edition
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
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