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When the variable cost per unit decreases,the contribution margin on each unit sold also decreases.
MC Curve
Represents the Marginal Cost curve, showing how the cost of producing one more unit of a good changes as the production volume is increased.
Profitable Output
The level of production at which a company maximizes its profits under given market conditions.
Break-even Point
The production level at which total revenues equal total expenses, and there is no profit or loss.
Short-run Supply Curve
A graphical representation in economics showing the relationship between the price level and the quantity of goods supplied over a short period, where some factors of production are fixed.
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