Economy, asked by ajitmodak7146, 11 months ago

What is the indifference point? Why is it so called? What is its usefulness?

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Answered by Anonymous
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  • What is the indifference point? Why is it so called? What is its usefulness?

The indifference point is the level of volume at which total costs, and hence profits, are the same under both cost structures. ... At the cost indifference point, total costs (fixed cost and variable cost) associated with the two alternatives are equal

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Answered by kurohit933
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