What is the term for the level of output at which the sales revenue of the firm just covers the fixed and variable costs includi

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2 years ago

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ng normal profits

1 answer:

Lilit [14] · Answer 1 · 2023-07-14T03:20:45+03:00

When the level of output leads to sales revenue that covers the fixed and variable costs, this is called the Breakeven Point.

<h3>What happens at the Breakeven point?</h3>

This is the point where the company has sold enough units to make back its variable and fixed costs.

At this point, the company would be making $0 profits which is also considered in business to be the normal profit.

Find out more on normal profits at brainly.com/question/3522161.

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