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The nurse is planning an instruction for an 84-year-old man relative to a significant change in his diet for diabetes. The nurse will plan her education around the idea that older adults:
Contribution Margin
The amount of revenue remaining after variable costs have been deducted, which contributes to covering fixed costs and generating profit.
Opportunity Cost
The expense associated with missing out on the second-best option when a choice is made.
Contribution Margin
The difference between sales revenue and variable costs, indicating how much revenue is available to cover fixed costs and generate profit.
Variable Cost
Costs that change in proportion to the level of activity or volume of production, such as materials and labor.
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