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Public choice theory indicates that representative government yields outcomes more consistent with economic efficiency when a close relationship exists between the benefits received and the costs borne by each voter. Which of the following methods of financing a government program will most likely result in a close relationship between voter benefits and costs?
Break-even Point
The point at which total costs and total revenue are equal, meaning no net loss or gain is incurred by the business.
Contribution Margin Ratio
The percentage of each sales dollar that remains after variable costs have been deducted, indicating how much contributes towards fixed costs and profit.
Break-even Point
The Break-even Point is the level of production or sales at which the total revenue generated equals the total costs, indicating no profit or loss.
Target Profit
The specific amount of net income that a company aims to achieve within a certain time frame.
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