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The output at which total revenue equals total cost is known as?

Economics
JAMB 1988
The output at which total revenue equals total cost is known as?
  • A. profit-maximizing output
  • B. break even level output
  • C. loss-minizing output
  • D. least-cost output
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Correct Answer: Option B
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
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