At breakeven point:
- total expenses = total revenue
- total expenses > total revenue
- total expenses < total revenue
- none
Explanation
The break-even point is the point at which total cost and total revenue are equal, meaning there is no loss or gain for your small business.
In other words, you've reached the level of production at which the costs of production equal the revenues for a product.
Related MCQs
Leave a Reply
Your email address will not be published. Required fields are marked *