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Classify the following polynomial as a monomial, a binomial, or a trinomial.
Contribution Margin Ratio
The contribution margin ratio is a financial metric indicating the proportion of sales revenue that exceeds variable costs, expressed as a percentage.
Monthly Fixed Expenses
Regular expenses that do not vary in amount and are paid on a monthly basis.
Contribution Margin Ratio
The proportion of sales revenue that exceeds variable costs, typically expressed as a percentage, indicating how much contributes to covering fixed costs and generating profits.
Fixed Expenses
Costs that do not vary with the level of production or sales over a short period, such as rent, salaries, and insurance.
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