Question: Given a fixed cost of $50,000 and variable cost per unit of $30, with a selling price per unit of $70, calculate the break-even point

Given a fixed cost of $50,000 and variable cost per unit of $30, with a selling price per unit of $70, calculate the break-even point in units. Break down the concept of break-even analysis and discuss its utility in evaluating a company's profitability and risk. Provide a step-by-step calculation process.

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