Uses for break-even analysis
Explain what are the several uses for break-even analysis?
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These type of analysis allows the firm to define at what level of operations it will break even (earn zero profit) and to discover the relationship between costs, profits and volume. It provide helps to the management at current costs of products so many numbers of units must be sold to get the cost of producing the product.
For Example: On producing a product if you spend $200 and its selling price is $20 then to recover the cost of product you must sale 10 units.
It helps the management to determine how much of units to be sold to get desired profit on product such as: if in the above example you want to earn $20 profit then add it to it's cost of $200 and it will become $220 now you need to earn profit of this $20 you need to sale 11 items of product.
Monopolistic Competition: Monopolistic competition, as the name itself entails, is a blending of monopoly and competition. The monopolistic competition refers to the
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The demand for an undergraduate college education would rise from the perspective of college administrators when: (w) the federal government started paying half of the interest charged upon student loans. (x) grade inflation was reversed and the average grade earned b
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Indifference curve: It demonstrates various combinations of two goods that provide identical level of satisfaction to the consumer.
Oligopoly: This is a form of the market in which there are some big sellers of a commodity and a big number of buyers. There is a high degree of interdependence between the sellers regarding their price and output policy.
From the viewpoints of auto makers, the weakening of OPEC oil cartel in the year 1990s resulted in a/an: (1) Rise in demand for cars. (2) Reduction in demand for cars. (3) Rise in the supply of cars. (4) Reduction in supply of cars. Q : Compute Gini Index The areas The areas illustrates in this Lorenz diagram can be used to compute a Gini index as: (i) (cow + pig)/cow. (ii) cow2/(cow + pig). (iii) pig2/(cow + pig). (iv) cow/(cow + pig) (v) (cow + horse)/pig. Discover Q & A Leading Solution Library Avail More Than 1458371 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1953032 Asked 3,689 Active Tutors 1458371 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
The areas illustrates in this Lorenz diagram can be used to compute a Gini index as: (i) (cow + pig)/cow. (ii) cow2/(cow + pig). (iii) pig2/(cow + pig). (iv) cow/(cow + pig) (v) (cow + horse)/pig. Discover Q & A Leading Solution Library Avail More Than 1458371 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1953032 Asked 3,689 Active Tutors 1458371 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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