Answer the following questions about break-even analysis.
1. Break-even analysis for multiple products requires a _____________ approach.
2. The contribution margin must be a positive number for the organization to have any chance of having a _____________.
3. The NYU Concert Band has fixed costs of $200 per concert and variable costs of $1.00 per person who attends the concert. If they raise their ticket price from $1.25 to $1.50, their break-even level
a. Increases.
b. Decreases.
c. Stays the same.