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Use the following setup for the next question.
A firm is deciding between two different sewing machines.Technology A has fixed costs of $500 and marginal costs of $50 whereas Technology B has fixed costs of $250 and marginal costs of $100.
-If the price is $60 per unit,what is the break even amount of units for technology B?
Original Obligor
The original party responsible for repaying a debt or fulfilling an obligation under the terms of a contract.
Creditor Beneficiary
A third party that benefits from a contract made between two other parties because the contract discharges a debt or duty owed to them.
On Credit
The purchase of goods or services with the promise to pay at a future date.
Just Books
a term potentially referring to a concept of fairness in accounting practices, ensuring that records are accurate and truthful.
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