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Other
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10th - 12th Grade
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Hard
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11 questions
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1.
FLASHCARD QUESTION
Front
Expenses that never change
Back
Fixed Expenses
2.
FLASHCARD QUESTION
Front
Occurs when total costs equal revenues
Back
break-even point
3.
FLASHCARD QUESTION
Front
Fluctuate based on production:
Back
variable expenses
4.
FLASHCARD QUESTION
Front
Price at which a product is sold to a customer
Back
Selling Price
5.
FLASHCARD QUESTION
Front
Amount added to break-even to set selling price
Back
Markup
6.
FLASHCARD QUESTION
Front
Business lowers unit price for bulk purchases
Back
Volume Pricing
7.
FLASHCARD QUESTION
Front
Economic measure showing % change in quantity demanded due to price change
Back
Price Elasticity
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