The Unit Variable Cost (UVC) Divided by Selling Price (P)

question 13

Multiple Choice

The unit variable cost (UVC) divided by selling price (P) is

• A) contribution margin (CM).
• B) fixed costs (FC).
• C) total cost (TC).
• D) total revenue (TR).
• E) price per unit of the product (P).

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Definitions:

Addictive

Having qualities that lead to an increased compulsion to use or engage with a substance, activity, or behavior despite potential harm.

Price-Inelastic

Describes a situation where the demand for a good or service does not significantly change with a change in its price.

Dollar Expenditures

The amount of money spent on purchasing goods and services, often measured in U.S. dollars for international comparisons or analyses.

Illegal Drugs

Substances whose manufacture, possession, or use is prohibited by law due to their potential for abuse or harm.