Monday Monday....
Break even Analysis and Point of Indifference
Break even= Fixed Cost / (price customer pays- cost)
This is how many units you will need to sell before you get your money back!
Point of Indifference:
Let's say your choosing between two things and want to know at what volume one is a better choice than the other....BAM! you want point of indifference.
Pt of Indifference (or units need to produce to get same number for both options)= delta Fixed/ delta cost for your two options.
I also did a little thinking about the commercialization project today.....and a TON of reading!
Oh! also fun legal fact:
Bystander Rule: The common-law bystander rule holds that, generally, no one has a duty to assist someone is peril unless the bystander himself created the danger.
Also....I can't tell if this blog is totally lame or will turn out to be something cool....
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