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Calculate the break-even point in units and dollars for a company with fixed costs of $50,000, variable costs per unit of $20, and selling price

Calculate the break-even point in units and dollars for a company with fixed costs of $50,000, variable costs per unit of $20, and selling price per unit of $40. Discuss the concept of break-even analysis and its relevance in managerial decision-making. Explore how break-even analysis can help managers assess the profitability of new projects, set pricing strategies, and manage cost structures effectively.

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