Examlex
Simplify:
Shutdown Point
The level of production and price at which the revenue received does not cover the variable costs, making further production unprofitable.
ATC (Average Total Cost)
The total cost of production divided by the quantity produced, representing the cost per unit of output.
MC (Marginal Cost)
Expenses incurred from making one more unit of a product or service.
Break-Even
The point at which total costs and total revenue are equal, meaning there is no net loss or gain, and the business or investment is self-sustaining.
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