You Can Use Tools on the CHART TOOLS DESIGN and FORMAT

question 2

True/False

You can use tools on the CHART TOOLS DESIGN and FORMAT subject tabs to customize the elements of your chart.

---

Definitions:

Normal Profit

The minimum level of earnings needed for a company to remain in business, often considered as the company's opportunity cost.

Break Even

The juncture where the aggregate of all costs matches the total income, leading to neither a profit nor a loss.

Short Run

A period of time during which at least one of a firm's inputs is fixed.

Long Run

A period in which all factors of production and costs are variable, allowing firms to adjust all inputs and achieve optimal operation.