Question no 3100 SSC CGL Tier 1 Genral Awareness Questions and Answers Online Test 95

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1 .

The 'break-even' point is where

[ A ] marginal revenue equals marginal cost
[ B ] average revenue equals average cost
[ C ] total revenue equals total cost
[ D ] None of the above

Answer : Option C

Explanation :

Break-even is the poi nt of balance between making either a profit or a loss. The break-even point (BEP) is the point at which cost or expenses and revenue are equal-there is no net loss or gain, and one has 'broken even'. A profit or a loss has not been made, although opportunity costs have been 'paid', and capital has received the risk-adjusted, expected return

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