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What are isotopes? Provide two examples.
Breakeven Point
The point at which total costs and total revenue are equal, resulting in no net loss or gain for the business.
Total Cost
The complete cost of production or operation, including both fixed and variable costs.
Total Revenue
The total amount of income generated by the sale of goods or services related to a company's primary operations.
Odd Pricing
Psychological pricing strategy in which goods are priced at, say, $9.99 rather than $10.00 in the belief that the price will seem lower than it really is.
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