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MGSC 395 Exam 1 Timothy Fry Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+
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Break Even Analysis : Analysis to compare processes by finding the volume at which two different processes have equal total costs. pQ = F + cQ Break Even Quantity : The volume at which total revenues equal total costs. Variables for Break Even : Variable cost (c) The portion of the total cost that varies directly with volume of output. Fixed cost (F) The portion of the total cost that remains constant regardless of changes in levels of output. Quantity (Q) The number of customers served or units produced per year. 2 | P a g e Total cost equation : Total cost = F + cQ Total Revenue Equation : Total revenue = pQ Quantity Equation : Q= F/(p-c)
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