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Changes in price and costs

Changes in price and costs (AO2, AO4) This section of the IB syllabus requires students to understand the effects of changes in price or cost on the break-even quantity, profit and margin of safety, using graphical and quantitative methods (AO2, AO4). An increase in the selling price reduces a firm’s break-even level of output. Diagrammatically, the higher price results in a greater gradient of the total revenue line...

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