The break-even point is the point at which ________.
A: the total revenue and total costs lines intersect
B: demand equals supply
C: the production of one more unit will not increase profit
D: the company can pay all of its long-term debt
E: a firm's profit goal is reached
A: the total revenue and total costs lines intersect
B: demand equals supply
C: the production of one more unit will not increase profit
D: the company can pay all of its long-term debt
E: a firm's profit goal is reached
举一反三
- Thebreak even point is located at the intersection of the total revenue line andthe total expenses line on a cost volume profit graph.
- The firm maximizes economic profit by finding the rate of output at which total revenue ________ total cost ________ . A: equals; all else constant B: plus; equals C: minus; equals zero D: exceeds; by the greatest amount.
- When economic profit is positive, A: total revenue exceeds total economic cost. B: the firm’s owners have successfully solved the principle-agent problem. C: the firm’s owners experience an increase in their wealth. D: both a and c E: all of the above
- A competitive firm maximizes profit by choosing the quantity at which ( ) A: average total cost is at its minimum. B: marginal cost equals the price. C: average total cost equals the price. D: marginal cost equals average total cost.
- A perfectly competitive firm maximizes its profit by producing the output at which its marginal cost equals its ____ A: marginal revenue B: average total cost C: average variable cost. D: average fixed cost.