Examlex
This is the use of science to answer legal questions.
Break-even
The point at which total cost and total revenue are equal, resulting in no net loss or gain.
Variable Costs
Expenses that change in proportion to the level of production or business activity.
Fixed Costs
Fixed costs are business expenses that remain constant regardless of the level of production or sales activities, such as rent, salaries, and insurance.
Contribution Margin
The sales price minus the variable costs of a product, indicating how much selling one more unit adds to profit.
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