Which of the following are assumptions of a single product break-even analysis?

		a. The total variable cost is the same regardless of volume.
		b. The total fixed cost is the same regardless of volume.
		c. The price per unit is the same regardless of volume.
		d. All of the above.
		e. Answers "b" and "c" only.

In a decision tree, a chance node (circle) has three branches with the following data: (a) in branch 1 the payoff is $200 and probability is 0.4; (b) branch 2 has the payoff of $300 and probability of 0.3, and (c) branch 3 contains the payoff of $500 and probability of 0.5. The expected monetary value (EMV) for this chance node is:

		a. $420
		b. $400
		c. $250
		d. $170
		e. The data for EMV is not correct.