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Halifax Products sells a product for $75.Variable costs per unit are $50,and monthly fixed costs are $75,000.Answer the following questions:
a.What is the break-even point in units?
b.How many units would need to be sold to earn a target profit of $200,000?
c.Assuming they achieve the level of sales required in part b,what is the margin of safety in sales dollars?
Natural Monopoly
A market condition where a single firm can supply a product or service at a lower cost than any potential competitor, often due to economies of scale.
Marginal Cost
The outlay for making one more unit of a product or service.
Profit Per Unit
The amount of profit earned by selling one unit of a product or service.
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