quantity at which total revenue and total cost are equal is referred to as
A) break-even point.
B) tipping point.
C) profitability point.
D) incremental return on investment.
E) sustainability.

Question

Quizplus · Accepted Answer

The quantity at which total revenue and total cost are equal is known as the break-even point, which means that the firm is not making a profit or a loss. At this point, the firm is just covering its costs.

Quantity at Which Total Revenue and Total Cost Are Equal