Can you please help me with the given three questions:
Question 1: Describe how the break-even quantities and operating leverages are affected by the relationships between fixed and variable costs.
Question 2: Describe how expanding a company's division with the highest operating leverage would affect the company's risk position.
Question 3: Describe how a break-even calculation (based on different price levels) can affect your analysis, and use the notion of operating leverage to assess the risks and rewards associated with production level option.