Objective
Students will be able to:
- Identify and explain the difference between variable costs and fixed costs.
- Define total cost and total revenue.
- Analyze business costs and revenues to determine the number of units that must be sold to cover all operating costs.
Concepts
In this personal finance lesson, students will use breakeven analysis formula to analyze investment options.
Resources
Procedure
Click NEARPOD VERSION: BREAK-EVEN ANALYSIS to access an interactive version of the lesson powered by Nearpod: students interact and respond to questions on their device, and teachers will see their responses in real time!