Calculate net returns.

Calculation should include

• unit cost of production (e.g., fixed, variable, and marginal costs)
• returns in the production process
• formula for determining profit. 

Process/Skill Questions:

• What is the formula for determining profit?
• What is the average total cost of production?
• What is a break-even point?
• What is meant by the unit cost of a product?
• What is downsizing? How does this affect unit cost of products?
• How can variable costs be controlled?
• How are break-even points calculated?
• How does one determine if a cost is fixed or variable?