When total revenue is equal to total cost, the firm is
A)breaking even.
B)not earning a normal profit.
C)earning an economic profit.
D)suffering an economic loss.
E)maximizing profit.

Question

Quizplus · Accepted Answer

When total revenue is equal to total cost, the firm is breaking even. This means that the company is not making a profit or a loss, but is simply covering all of its expenses.

When Total Revenue Is Equal to Total Cost, the Firm