Question

What is break even point

Answer 1

The break-even point (BEP) orbreak-even level represents the sales amount—in either unit (quantity) or revenue (sales) terms—that is required to cover total costs, consisting of both fixed and variable costs to the company. Total profit at thebreak-even point is zero.
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Answer 2

Answer:

The point on the supply curve at which a firm earn normal profit is called break- even point.

The profit level that is just enough to cover the explicit cost (Money cost on factors  of production) and opportuniy cost (Foregone return on owner occupied factors of  production) is called normal profit.

Explanation:

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