Examlex
Explain what a sales return and allowance means.
Break-even Price
The price at which total revenues equals total costs, resulting in neither profit nor loss.
Shut-down Price
The price level at which a business's revenue just covers its variable costs, below which it will cease operations.
Average Variable Cost
The average cost of variable inputs (like labor and materials) per unit of output produced.
Minimum
The lowest point on a nonlinear curve, where the slope changes from negative to positive.
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