At a certain output level, the total revenue and total cost of a firm a equal. What is this situation termed as? Whether the firm is earning normal profits or not.

At a certain output level, the total revenue and total cost of a firm

1.	At a certain output level, the total revenue and total cost of a firm a equal. What is this situation termed as? Whether the firm is earning normal profits or not.
Answer» <html><body><p></p>Solution :The <a href="https://interviewquestions.tuteehub.com/tag/situation-1210683" style="font-weight:bold;" target="_blank" title="Click to know more about SITUATION">SITUATION</a> when <a href="https://interviewquestions.tuteehub.com/tag/total-711110" style="font-weight:bold;" target="_blank" title="Click to know more about TOTAL">TOTAL</a> <a href="https://interviewquestions.tuteehub.com/tag/revenue-1188040" style="font-weight:bold;" target="_blank" title="Click to know more about REVENUE">REVENUE</a> is equal to total cost is <a href="https://interviewquestions.tuteehub.com/tag/termed-7331110" style="font-weight:bold;" target="_blank" title="Click to know more about TERMED">TERMED</a> as Breack-even Point. <a href="https://interviewquestions.tuteehub.com/tag/yes-749457" style="font-weight:bold;" target="_blank" title="Click to know more about YES">YES</a>, the firm is earning profits as normal profit is that amount which is included in total cost.</body></html>