Managers at Caterpillar have determined the costs associated with producing hay balers are equal to the price that they charge for the hay balers. This indicates that Caterpillar is producing at the point.
A) break-even
B) marginal cost
C) profit margin
D) competitive price
E) profit maximizing

Question

Quizplus · Accepted Answer

When costs equal the price charged, the company is at the break-even point, meaning no profit or loss is made.

Managers at Caterpillar Have Determined the Costs Associated with Producing