Answer the Following Question(s)using the Information Below

question 141

Multiple Choice

Answer the following question(s) using the information below.Kaiser's Kraft Korner sells a single product.7,000 units were sold resulting in $70,000 of sales revenue, $28,000 of variable costs, and $12,000 of fixed costs.
-Contribution margin per unit is

• A)$4.00
• B)$4.29
• C)$6.00
• D)$10.00
• E)$5.71

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Definitions:

Utility Function

A mathematical representation that describes how consumers allocate their spending to maximize satisfaction or utility from goods and services.

Course Grade

The evaluation or assessment of a student's performance in a course, typically represented as a letter or number.

Min/Max Function

A mathematical function that identifies the minimum or maximum value within a particular set of data or input.

Same Income

A scenario in which two or more entities earn or receive an identical amount of money.