Jared is developing a business plan for a new type of bicycle helmet. He is interested in finding the point at which the costs of producing the helmet will equal the revenue earned from selling the product. Jared is interested in finding the
A) elasticity of demand.
B) breakeven point.
C) variable costs.
D) price elasticity.
E) the sum of fixed costs.

Question

Quizplus · Accepted Answer

The breakeven point is the point at which the costs of producing the helmet will equal the revenue earned from selling the product. This will allow Jared to understand when he can expect to start making a profit from selling the helmets.

Jared Is Developing a Business Plan for a New Type