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Variable expenses for Alpha Corporation are 40% of sales. What are sales at the break-even point, assuming that fixed expenses total $150,000 per year:
Income
The cash flow generated out of work or investments, typically on a steady basis.
Utility Function
A mathematical representation of a consumer's preference ranking over bundles of goods, showing the level of satisfaction or utility derived.
Commodity
A basic good used in commerce that is interchangeable with other goods of the same type; commodities are often used as inputs in the production of other goods or services.
Income
Earnings garnered from employment or investing, often received periodically.
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