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Provide an appropriate response.
-Fill in the blanks to complete the statement. For a system of 2 equations and 2 unknowns, the corresponding augmented matrix will have _______ rows and _______ columns.
Contribution Margin Ratio
The percentage of sales revenue that remains after deducting variable costs, used to cover fixed costs and generate profit.
Variable Cost
Costs that change in proportion to the level of goods or services produced by a business.
Contribution Margin
The gap between the income from sales and variable expenses, which serves to offset fixed expenses and produce earnings.
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