Which of the following statements is true about break-even point (BEP)?
A) The firm's total revenue will equal its variable costs.
B) The firm's total sales will equal its total production.
C) The firm's total cost will equal its total revenue.
D) The firm's total profits will equal its total cost.
E) The firm's total variable costs equal its total fixed cost.

Question

Quizplus · Accepted Answer

Break-even point (BEP) is the quantity where the firm's total cost will just equal its total revenue.

Which of the Following Statements Is True About Break-Even Point