A firm reaches a break-even point (normal profit position)where
A)marginal revenue cuts the horizontal axis.
B)marginal cost intersects the average variable cost curve.
C)total revenue equals total variable cost.
D)total revenue and total cost are equal.

Question

Quizplus · Accepted Answer

The break-even point is where total revenue equals total cost, indicating that the firm is covering all its costs without making a profit or a loss.

A Firm Reaches a Break-Even Point (Normal Profit Position)where