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We can expand breakeven analysis into a more comprehensive tool by adding desired profit into the breakeven equations and then using the equations to determine

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We can expand breakeven analysis into a more comprehensive tool by adding desired profit into the breakeven equations and then using the equations to determine the minimum number of units we must sell, the minimum revenue we must achieve, and/or the minimum price we must charge in order to earn that desired profit. True False Which of the two products above earns the highest gross margin? Product 1 Product 2 Product 1 and Product 2 earn the same gross margin. Not enough information is provided to answer the question. Unit contribution equals gross profit divided by price. True False

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