3. which of the following best defines inflation? a. the rapid increase in the price of a specific good, such as gasoline b. a general, sustained upward movement of prices for goods and services in an economy c. the fluctuation in revenue and expenditures caused by congress and the president d. an increase in the national debt caused by ongoing deficit spending

Garfield corporation is considering building a new plant in canada. it predicts sales at the new plant to be 50,000 units at $5.00/unit. below is a listing of estimated expenses. category total annual expenses % of annual expense that are fixed materials $50,000 10% labor $90,000 20% overhead $40,000 30% marketing/admin $20,000 50% a canadian firm was contracted to sell the product and will receive a commission of 10% of the sales price. no u.s. home office expenses will be allocated to the new facility. the contribution margin ratio for garfield corporation is