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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