Question : The situation in which total Revenue equals total cost, is known as :
Option 1: monopolistic competition.
Option 2: equilibrium level of output .
Option 3: break even point .
Option 4: perfect competition .
New: SSC CHSL Tier 2 answer key released | SSC CHSL 2024 Notification PDF
Recommended: How to crack SSC CHSL | SSC CHSL exam guide
Don't Miss: Month-wise Current Affairs | Upcoming government exams
Correct Answer: break even point .
Solution : The correct option is break even point .
The situation in which total revenue equals total cost is known as the "break-even point." At this point, a business is neither making a profit nor incurring a loss. It is essentially covering all its costs with its generated revenue.
Related Questions
Know More about
Staff Selection Commission Combined High ...
Result | Eligibility | Application | Admit Card | Answer Key | Preparation Tips | Cutoff
Get Updates Brochure
Your Staff Selection Commission Combined Higher Secondary Level Exam brochure has been successfully mailed to your registered email id “”.
