Fixed cost contribution equals:
a. price times the average fixed cost.
b. price plus the average variable cost.
c. average variable cost plus average fixed cost.
d. break-even quantity times price.
e. price minus the average variable cost.
ANSWER: e
Fixed cost contribution equals:
a. price times the average fixed cost.
b. price plus the average variable cost.
c. average variable cost plus average fixed cost.
d. break-even quantity times price.
e. price minus the average variable cost.
ANSWER: e