L3M3 practice question 10 of 15
What do we call the point when the supply firm makes neither a profit nor a loss ie where all costs are covered yet no profit is made?
Full set: 90 questionsCorrect Answer:
B. Trig point
Explanation
Breakeven point. The firm breaks even: covers all of its fixed costs. At this point the firm has made neither a profit nor a loss, and hopefully is about to enter profitability.
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