Use the information below to answer the following question(s) .
Essen Company has compiled the following financial information for its single product.
-What is the contribution margin per unit at Essen Company?
Definitions:
Demand Curve
A graph showing the relationship between the price of a good or service and the quantity demanded for a given period.
Price Elasticity
measures how sensitive the quantity demanded or supplied of a good is to a change in its price, indicating the responsiveness of market participants to price changes.
Price Elasticity
A measure of the responsiveness of the quantity demanded of a good to a change in its price.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a specific price point.
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