If a restaurant offers a steak on the menu that costs $5 and sells for $14.95, the contribution margin is for every steak sold.

$9.95

Explanation:

Contribution Margin represents the difference between the variable cost of a product and the revenue derived from its sales. It shows the net amount contributed by sales to cover profits as well as fixed costs.

Contribution margin is calculated by subtracting Variable Cost from Sales

CM= Sales- Variable Cost.

Sales represent the revenue derived from selling a product and Variable Cost is the cost that can be directly traced or directly affects the manufacture of the product sold.

In the question:

Variable Cost- $5

Sales Revenu is $14.95

CM= $14.95 - $5 = $9.95

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi