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By how much do the ossicles amplify sound?
Contribution Margin
The amount of revenue remaining after deducting variable costs, available to cover fixed costs and contribute to profits.
Selling Price
The selling price of a product or service to buyers.
Differential Cost
The difference in total cost that will result from selecting one option over another in decision-making processes.
Sunk Cost
Costs that have already been incurred and cannot be recovered.
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