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What do we call the point when the supply firm makes neither a profit nor a loss ie where all costs are covered yet no profit is made?
Suggested Answer: B
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Breakeven point. The firm breaks even: covers all of its fixed costs. At this point the firm has made neither a profit nor a loss, and hopefully is about to enter profitability.
31 comments · newest first
WI
Wilson
11 months ago
Tipping point? Nah, that's not it.
NI
Nicolette
11 months ago
Definitely not a trig point, lol!
JE
Jenelle
11 months ago
Wait, is it really just breakeven? Sounds too simple.
ST
Stephanie
11 months ago
Totally agree, breakeven is the right term.
SU
Sunny
11 months ago
It's called the breakeven point!
VE
Veronika
12 months ago
I’m a bit confused; I thought the point of no return was something different. I really hope it’s not one of the other options!
LE
Levi
12 months ago
I feel like I’ve seen a question like this before, and I think it was about the breakeven point too. It makes sense since it’s when costs are covered.
JE
Jesusita
1 year ago
I remember discussing the breakeven point in class, but I keep mixing it up with the tipping point. I hope I choose the right one!
MA
Maxima
1 year ago
I think the answer is the breakeven point, but I’m not completely sure. It sounds familiar from our last practice session.
BA
Barb
1 year ago
Okay, let me see here. I think the "breakeven point" is the right answer, but I'm not 100% sure. I'll double-check the options and try to eliminate the ones that don't seem to fit.
AR
Arletta
1 year ago
Ah, I remember learning about this in class! The term for the point where a firm's revenue equals its costs is the "breakeven point." I'm confident that's the correct answer.
RE
Reynalda
1 year ago
Hmm, I'm a bit unsure about this one. I know it has something to do with the firm's financial situation, but I can't quite remember the specific term. I'll have to think it through or maybe even take a guess.
AR
Aretha
1 year ago
This seems like a straightforward question about the point where a firm's revenue equals its costs. I'll think through the options carefully and select the best answer.
BI
Billye
2 years ago
This question is a piece of cake! The breakeven point is clearly the correct answer. I could do this in my sleep.
ED
Edwin
1 year ago
Exactly! It's the point where the supply firm neither makes a profit nor a loss.
NA
Nakisha
2 years ago
A) Breakeven point
WI
Winifred
2 years ago
Definitely! The breakeven point is when costs are covered but no profit is made.
DO
Dorethea
2 years ago
A) Breakeven point
KE
Kerry
2 years ago
Tipping point? I guess that's when the supply firm decides to just pack it up and call it a day. Not quite what we're looking for here.
LA
Lashaunda
2 years ago
I agree with Meaghan, A) Breakeven point makes sense.
KE
Keith
2 years ago
Point of no return? That sounds a bit dramatic. I think the breakeven point is the right answer.
CR
Cristina
2 years ago
Exactly, it's a crucial point for businesses to know when they will start making a profit.
RA
Rachael
2 years ago
Yeah, it's not as dramatic as the point of no return. It's just a balance between costs and revenue.
JU
Junita
2 years ago
I agree, the breakeven point is when all costs are covered but no profit is made.
ME
Meaghan
2 years ago
I think it's A) Breakeven point because that's when costs are covered.
LI
Lindy
2 years ago
Trig point? What is this, a geometry exam? I'm pretty sure that's not the correct answer here.
JE
Jerrod
2 years ago
A) Breakeven point
CO
Cordell
2 years ago
The breakeven point is where the supply firm covers all its costs, but doesn't make any profit. Simple enough, right?
BI
Billye
2 years ago
B) Trig point
CO
Colene
2 years ago
That's correct. The breakeven point is where costs are covered but no profit is made.
ST
Stephaine
2 years ago
A) Breakeven point