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What is the break-even quantity

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Question -

1. Describe what is meant by fixed, variable, and semi-variable costs and give two examples of each.

2. If a tradesperson needs to earn €20,000 a year, takes four weeks leave and spends two hours of his eight-hour day travelling, what should his hourly charge be? Discuss the considerations needed for pricing this service.

3. If the price of a product is €12, the fixed costs €1000 and variable costs €2, what is the break-even quantity? (Show your workings).

Reference no: EM133169058

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