Question: (a) Distinguish the major difference between the terms micro economics and macro economics. (4 marks) (b) With aid of diagram to explain the break-even point.

(a) Distinguish the major difference between the terms "micro economics" and "macro economics". (4 marks) (b) With aid of diagram to explain the break-even point. (8 marks) (c) List any SIX (6) limitations of break-even analysis. (6 marks) (d) Explain the major function of "balance sheet". (2 marks)

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