Fixed costs - Costs that always stay the same, no matter how many units of a product are made, Variable costs - Costs that change depending on how many units of a product are made, Total costs - Fixed and variable costs added together, Total revenue - Selling price v units sold, Profit - When sales minus expenses has a balance above zero, Loss - When sales minus expenses has a balance below zero, Break even - Total costs = Total revenue,

Break Even

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