Does anyone have a lesson on figuring break even prices they could share?
I don't have a complete lesson to share, but I do have an online worksheet that i use to talk through/teach the concepts.
Basically, I approach breakeven calculations as a tool to help in decision making. I tell students when they hear the word breakeven, they should put an equal sign in the middle of the page an set the problem up from there. Breakeven means what conditions would need to be for things to be equal.
I start off with basic INCOME = COST. Once we talk through Income and costs or expense, then plug in what you know and solve for X.
If it is a comparison type decision such as production of corn versus soybeans, then set it up Corn = Soybeans. Plug in what you know and solve for X.
Quia - AgBus - Breakeven Practice Problems
Hope the online worksheet helps. The prices and costs are not current, but it teaches the concept. Good luck.
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