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Refer to the following break-even chart and describe what machines should be selected for various numbers of products.
B.Machine 2 has the lowest cost if the number of products is between B and C.Machine 3 has the lowest cost if the number of products is between C and D.
Satisfaction
The fulfilment of one's needs or desires through the consumption of goods or services, often used as a measure of consumer contentment with a product.
Marginal Utility
The additional satisfaction or utility that a consumer gains from consuming one more unit of a good or service.
Pretzels
A type of baked pastry made from dough that is commonly shaped into a knot and typically salted.
Utils
A hypothetical unit of measurement used in economics to quantify the level of utility or satisfaction gained from consuming goods and services.
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