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A corporation sold X units of product for $Y each and has $M in total fixed and $L in total variable costs (a) Find its break-even point (in units) in terms of L, M, X and Y. (b) Use any part of or all of your answer to part (a) to find profit earned at a sales volume of T units above break-even. Explain your answer.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92369532

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