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Break Even Point

At the break-...

Question

At the break-even point

A

TR=TC

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B

Profit = 0

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C

MR = MC

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D

Profit is maximum

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Solution

The correct options are
A
TR=TC

B
Profit = 0

At the break-even point, TR=TC and profits are zero.

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Similar questions

A firm maximises its profit when

T R = T C

Q. For a firm under perfect competition, profits are not maximised even when

M R > M C

Q. Which of the following statements are correct with regard to firm's equilibrium under perfect competition?
(i) MR = MC
(ii) MC curve cuts the MR curve from below
(iii) TR = TC
(iv) MR = AR

M R > M C

, it is always a better situation than if

M R = M C

for profits to be maximised.

Equality between

M R

M C

is a sufficient condition for profit maximisation.

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