Homework Help is Here – Start Your Trial Now!
Business
Economics
1. When the business produce products at break-even point, it is said to be A. A loss for the business B. A profit for the business C. Neither a profit nor loss for the business D. None of the above 2. Which of the following shows break-even point? A. TC = Revenue B. TC > Revenue C. TC < Revenue

1. When the business produce products at break-even point, it is said to be A. A loss for the business B. A profit for the business C. Neither a profit nor loss for the business D. None of the above 2. Which of the following shows break-even point? A. TC = Revenue B. TC > Revenue C. TC < Revenue

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
See similar textbooks
icon
Related questions
Question

please answer with solution/explanation

Please answer all questions

1. When the business produce products at break-even point, it is said to be A. A loss for the business B. A profit for the business C. Neither a profit nor loss for the business D. None of the above 2. Which of the following shows break-even point? A. TC Revenue B. TC > Revenue C. TC < Revenue D. TC + Revenue 3. Which of the following is true for revenue? A. Revenue is the product of profit and break-even point B. Revenue is the product of price and number of products C. Revenue is the product of price and expenses D. Revenue is the product of variable cost and fixed cost 4. Break-even point is when the level of production at which the profit will be equal to A. OB. 1 C. 2 D. 3 5. Which of the following happens in this situation: Mae bought a box of cupcake for P120 and sell it for P250. A. Make obtain a profit B. Mae obtain a loss C. Mae obtain a break-even D. None of the above
Transcribed Image Text:1. When the business produce products at break-even point, it is said to be A. A loss for the business B. A profit for the business C. Neither a profit nor loss for the business D. None of the above 2. Which of the following shows break-even point? A. TC Revenue B. TC > Revenue C. TC < Revenue D. TC + Revenue 3. Which of the following is true for revenue? A. Revenue is the product of profit and break-even point B. Revenue is the product of price and number of products C. Revenue is the product of price and expenses D. Revenue is the product of variable cost and fixed cost 4. Break-even point is when the level of production at which the profit will be equal to A. OB. 1 C. 2 D. 3 5. Which of the following happens in this situation: Mae bought a box of cupcake for P120 and sell it for P250. A. Make obtain a profit B. Mae obtain a loss C. Mae obtain a break-even D. None of the above
Expert Solution
steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Equilibrium Point
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS