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3 Tutorials that teach Breakeven Point
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Breakeven Point

Breakeven Point

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Author: Catherine Barry
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Tutorial

Notes on "Breakeven Point"

Terms to Know

Breakeven

A situation where there is no profit or loss

Economic Profit

Total revenue calculated minus explicit costs and opportunity costs

Long-Run

a point in which a firm can adjust output and expenses to minimize cost per unit.

Short-Run

a point in which a firm cannot adjust output and expenses in preparation to minimize cost per unit