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Number 2: Explain the answers to the following: (a) An increase in fixed costs and a decrease in variable costs will increase the breakeven point
Number 2: Explain the answers to the following:
(a) An increase in fixed costs and a decrease in variable costs will increase the breakeven point and increase the profit of a business. Why is this true?
(b) A decrease in the interest rate in the market will incre4ase the market price of a bond. Why?
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