Question

concept of breakeven point
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Answer 1

Answer:

answer is

Explanation:

The breakeven point is the level of production at which the costs of production equal the revenues for a product

Answer 2

The Breakeven point is the point where a firm is in balance and does not earn any profits or face any losses.

Explanation:

• The Breakeven point is one of the most important concepts for the success of any firm. It is a sign of the ability of a firm to survive in the market.
• The Breakeven point is the equilibrium point of a firm where it does not earn profits but also does not face any losses.
• The revenue earned is just enough for the survival of the firm. It is sufficient to run the operations but not to make any profits.