Question
The topic of this weeks material includes the relationship between cost, volume, and profit (CVP). Just yesterday I saw an advertisement in the paper about
The topic of this weeks material includes the relationship between cost, volume, and profit (CVP). Just yesterday I saw an advertisement in the paper about new hybrid cars and how even though gas prices are all over the place, traditional cars ultimately are more expensive, and it only takes a few years to breakeven based on the savings in fuel and maintenance. (Ironically, our text referred to this as The Economics of Hybrids). Your task is to give another real-life example of a CVP or break-even scenario you have run-into in the past. You dont have to have the exact numbersjust an example of how we humans struggle with the trade-off concept!
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