4. Break-even point occurs when:
(a)Y=S(b)S=0 (C)Y=C(d)Both (b) and (c)
5 The Indian economy on the nyo ofindor
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Both B and c is the correct option.
Break even point occurs when cost is equal to the revenue and profit =0.
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Concept:
The saving function shows the direct relationship between saving and disposable income.
Given:
Break-even point occurs when Y=S, S=0, Y=C and Both (b) and (c).
To find:
Break-even point occurs when is need to find out.
Solution:
Break even point refers to the situation where the saving is equal to the consumption. It means the amount of consumption is equal to the amount of saving. The saving is equal to zero.
Thus, the option (b) and (c) is correct.
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