At the Break-Even Point

question 204

Multiple Choice

At the break-even point

• A) sales equal total variable costs.
• B) contribution margin equals total variable costs.
• C) contribution margin equals total fixed costs.
• D) sales equal total fixed costs.

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Definitions:

Trade Advantage

The benefit or edge a country, region, or business has in producing a specific good or service more efficiently than competitors.

Labor-Abundant

Describes an economy or sector that has a high availability of labor relative to capital.

Land-Abundant

A description of a country or region that has a large amount of land available for agriculture or development relative to other inputs.

Urbanized

Characterized by or pertaining to regions that are densely populated with humans and typically have a lot of developed infrastructure.