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Express Bus Company Operates a Bus Route That Takes Passengers

question 47

Multiple Choice

Express Bus Company operates a bus route that takes passengers from Cleveland to Chicago every day.Assume the bus tickets sell for $50 per rider; the bus line's variable costs are $35 per rider; and its fixed costs are $75,000 each month.What is the contribution margin per rider?

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Definitions:

Meta-

A prefix meaning beyond, after, or changing; often used in academic and scientific contexts to indicate change or transformation.

Beyond

A term used to indicate something that is at a further place or stage than something else.

Micro-

A prefix meaning small or minute, often used in scientific terms to denote a factor of one millionth.

Small

Of a size that is less than normal or usual; the term is relative and can be used in various contexts to denote physical size.

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