Examlex
The vertical axis for an aggregate demand curve measures
Break-even Sales
Break-even Sales represent the amount of revenue needed to cover all fixed and variable costs, at which point a business does not make a profit or incur a loss.
Operating Leverage
A measure of how revenue growth translates into growth in operating income, determined by the proportion of fixed versus variable costs a company has.
Operating Income
Earnings from a company’s core business operations, excluding deductions for interest and taxes.
Variable Costs
Costs that fluctuate in direct proportion to changes in levels of production or sales volumes.
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