A Break-Even Point Is

question 277

Multiple Choice

A break-even point is:

• A)the point at which total revenue and average revenue converge.
• B)the point at which total revenue and total cost are equal and beyond which profit occurs.
• C)the point of greatest difference between marginal revenue and marginal cost.
• D)the point at which marginal revenue equals marginal cost.

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Definitions:

Finance Charges

Fees and interest charged on borrowed money, typically associated with loans, credit cards, and financed purchases.

Credit Card Company

A financial institution that issues credit cards, allowing cardholders to purchase goods and services on credit.

Installment Plan

A method of payment of a purchase or services over a period of time.

Finance Charge

A fee representing the cost of credit or the cost of borrowing, including interest and other associated expenses.