When Total Revenue Is Equal to Total Cost, the Firm

question 79

Multiple Choice

When total revenue is equal to total cost, the firm is

• A)breaking even.
• B)not earning a normal profit.
• C)earning an economic profit.
• D)suffering an economic loss.
• E)maximizing profit.

---

Definitions:

Tab Leader

In document formatting, a visual guide that fills the space in a tabbed indent with dots, dashes, or lines to direct the reader's eye across the space.

Mirror Reflection

A reversed or flipped image of an object, mimicked in a way that it appears as if seen in a mirror.

Flip Horizontal

A digital image editing process where the image is reversed along its horizontal axis, creating a mirror image.

Rotate

Changing the orientation of an object around a pivot point without altering its location.