Concord Corporation can produce and sell only one of the following two products: Oven Contribution Hours Required Margin Per Unit 0.2 $5 0.3 $6 Muffins Coffee Cakes The company has oven capacity of 1500 hours. How much will contribution margin be if it produces only the most profitable product? $25000. $30000. $45000. $37500.

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Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.