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Which of the following perspectives uses exchange theory to explain mate selection and family roles?
Markup Percentage
A percentage added to the cost price of goods to cover overhead and profit.
Total Cost Concept
An accounting principle that sums all costs associated with the production of a good or service, including direct, indirect, fixed, and variable costs.
Variable Costs
Costs that vary in direct proportion to changes in the level of production or sales activity.
Contribution Margin
The difference between sales revenue and variable costs, indicating how much revenue contributes towards covering fixed costs and generating profit.
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