Question
The situation in which total revenue is equal to total cost, is known as
Answer: Option D
Answer: (d)
In economics and cost accounting, 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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Answer: (d)
In economics and cost accounting, 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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