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What are the three general variables involved in persuasion according to the Yale approach to communications theory?
Break-even Quantity
The number of units that must be sold to cover the total costs of production, resulting in neither profit nor loss.
Fixed Costs
Expenses that do not change with the level of output or sales, such as rent, salaries, and insurance, essential for budgeting and financial planning.
Marginal Costs
Marginal costs refer to the additional cost incurred by producing one more unit of a product or service.
Avoidable Costs
Costs that you get back if you shut down operations.
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