New answers tagged wages
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Break even is when your [economic] profits equals to zero:
\begin{align*}
\text{Cost} &= \text{Revenue}\\
N \cdot w &= Q \cdot P
\end{align*}
where $N$ is the number of workers, $w$ is wages, $Q$ is quantity produced, and $P$ is price.
An $x$% increase in productivity is the ability to hire the same amount of workers and get $x$% more output.
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