When the total revenue is equal to total cost, the are said to be at the break-even point.
举一反三
- Thebreak even point is located at the intersection of the total revenue line andthe total expenses line on a cost volume profit graph.
- A profit-maximizing monopolist will produce the level of output at which A: average revenue is equal to average total cost. B: average revenue is equal to marginal cost. C: marginal revenue is equal to marginal cost. D: total revenue is equal to opportunity cost.
- 22.Average total cost is equal to:
- The break-even point is the point at which ________. A: the total revenue and total costs lines intersect B: demand equals supply C: the production of one more unit will not increase profit D: the company can pay all of its long-term debt E: a firm's profit goal is reached
- Price and total revenue are inversely related when demand is: