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Colin was a professional classical guitar player until his motorcycle accident that left him disabled. After long months of therapy, he hired an experienced luthier (maker of stringed instruments) and started a small shop to make and sell Spanish guitars. The guitars sell for $700 and the fixed monthly operating costs are as follows: Colin's accountant told him about contribution margin ratios and he understood clearly that for every dollar of sales, $0.60 went to cover his fixed costs, and that anything past that point was pure profit.
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Colin is planning to increase the selling price to $820. What impact will the increase in selling price have on the breakeven point in units?
Ventral Root
The part of a spinal nerve that is responsible for conveying motor output from the central nervous system to the peripheral organs and muscles.
Interneuron
A neuron variant that carries communication between sensory and motor neurons, essential for reflex actions and neural networks.
Motor Neuron
A neuron that conveys signals from the brain or spinal cord to muscles or glands, initiating movement or action.
Sensory Neuron
A type of neuron that transmits signals from sensory organs or receptors towards the central nervous system, enabling perception.
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