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Phoenix was a professional classical guitar player until a motorcycle accident left him disabled.After long months of therapy,he hired an experienced luthier and started a small shop to make and sell Spanish guitars.The guitars sell for $700,and the fixed monthly operating costs are as follows: Phoenix's accountant told him about contribution margin ratios,and Phoenix understood clearly that for every dollar of sales,$0.60 went to cover his fixed costs,and anything above that point was profit.
Phoenix is planning to increase the sales price to $750.What impact will the increase in sales price have on the contribution margin ratio?
Anonymous Love
Expressions of love or affection where the identity of the person expressing these feelings remains unknown to the recipient.
Unrivalled Love
A profound and unmatched affection or love for someone or something, without any competition.
Social Allergy Effect
A psychological phenomenon where repeated exposure to irritating behaviors in close relationships leads to increasing annoyance.
Bad Apple Effect
The notion that one wrong person can corrupt a group, leading to overall negative behaviors.
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