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Shutting Down (Breaking Even (the point at which cost or expenses and…
Shutting Down
Breaking Even
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The break-even point helps business owners determine when they'll begin to turn a profit and assists them with the pricing of their products.
profit maximization
Marginal product of labor, marginal revenue product of labor, and profit maximization. The general rule is that the firm maximizes profit by producing that quantity of output where marginal revenue equals marginal cost.
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