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Q. |
The 'breali-even point' is where - |
A. | marginal revenue equals marginal cost |
B. | average revenue equals average cost |
C. | total revenue equals total cost |
D. | None of these |
Answer» B. average revenue equals average cost | |
Explanation: The break-even point (BEP) is the point at which cost or expenses and revenue are equal: there is no net loss or gain, and one has "broken even". A profit or a loss has not been made, although opportunity costs have been "paid", and capital has received the risk- adjusted, expected return. |
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