Question: 1) Compare fixed costs with variable costs 2) Refer to #1. What are examples of fixed costs and variable costs? 3) Describe operating leverage. 4)

1) Compare fixed costs with variable costs 2) Refer to #1. What are examples of fixed costs and variable costs? 3) Describe operating leverage. 4) Describe the importance of contribution margin. 5) Describe the importance of the break-even point

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