The Point at Which the Number of Units Sold Generates

question 52

Multiple Choice

The point at which the number of units sold generates enough revenue to equal the total costs of running an operation is known as the

• A)JIT inventory.
• B)fixed cost margin.
• C)break-even point.
• D)unit cost.
• E)economy of scale.

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Definitions:

Quantity Supplied

The quantity of a product or service that sellers are prepared and capable of offering for sale at a specific price point.

Equilibrium Price

Equilibrium Price is the price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, leading to market stability.

Blue Pens

Writing instruments with ink of a blue color, commonly used for general writing tasks.

Peanut Butter

A spread made from ground, roasted peanuts, often used in sandwiches and as a cooking ingredient.