When we say the cost of living has gone up, we mean that, looking broadly over a range of goods and services: a. our income has increased to match the cost of those goods. b. a dollar buys less today than it used to buy. c. a dollar buys the same today as it used to buy. d. a dollar buys more today than it used to buy.

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