06 What is meant by ‘break even’? [2]

Ch 19 Costs, scale of production and break-even
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06 What is meant by ‘break even’? [2]

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06 What is meant by ‘break even’? [2]

Possible KN Points:
e.g. Level of output where total costs equal total revenue OR quantity at which
business makes neither a profit or loss.
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