Define break even point.
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Posted by Vhgx Gdv 6 years, 11 months ago
- 2 answers
Yogita Ingle 6 years, 11 months ago
Break Even Point: Break even for a firm occurs when it is able to cover its all costs of production. Accordingly, break- even point is defined as a situation when TR= TC or AR = AC Under this situation, the firm earns only normal profits.
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Mohd Shariq Ms Raza 6 years, 11 months ago
3Thank You