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1. (a). What is the break-even point, explain with a good example and a diagram (2 marks) (b). A company sells a product at $35

1. (a). What is the break-even point, explain with a good example and a diagram (2 marks) (b). A company sells a product at $35 per unit. The variable cost for the product is $30 per unit and its fixed cost is $70,000 (3 marks) i, what is the quantity the firm must sell to break even ii what is the break-even point in dollars

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