A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: 
The total contribution margin for the month under variable costing is:
Definitions:
Marginal Product
The growth in production resulting from one more unit of input.
Equilibrium Wage
The wage rate at which the quantity of labor supplied equals the quantity of labor demanded in the labor market.
Marginal Product
The additional output resulting from a one-unit increase in the use of a particular input, holding all other inputs constant.
Monopsony
A market condition where there is only one buyer for a product or service, giving them significant control over prices.
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