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In return for the use of their lord's land, serfs
Break Even
The point at which total costs and total revenue are equal, resulting in no net loss or gain.
Variable Cost
Costs that vary directly with the level of production or sales volume, such as materials and labor.
Fixed Costs
Costs that do not change with the amount of goods or services produced, such as rent, salaries, and insurance.
Break-Even Point
The point at which total costs and total revenue are equal, resulting in no net gain or loss.
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