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Consider the following table from the 2016 GSS, which shows the relationship between age and whether someone favors or opposes "the death penalty for persons convicted of murder." The data in this table suggest that (the answer may require some calculation)
Contribution Margin
The selling price per unit minus the variable cost per unit, used to cover fixed costs and profits.
Variable Costs
Expenses that vary in relation to the amount of production or the scale of business operations.
Fixed Costs
Expenses such as rent, salaries, and insurance that remain constant regardless of the amount of production or sales.
Variable Cost
A cost that varies with the level of output or production volume.
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