Break Even Economics

Book excerpt: What is Break Even Economics The point at which total costs and total revenues are equal, or "even," is referred to as the break-even point (BEP) in the fields of economics, business, and cost accounting. It is possible to say that one has "broken even" because there is neither a net loss nor a gain, despite the fact that opportunity costs have been paid and capital has received the risk-adjusted, projected return. As a result, there is neither a profit nor a loss, and all of the costs that are required to be paid have been paid. Karl Bucher and Johann Friedrich Scher are the ones that came up with the development of the break-even analysis. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Break-even (economics) Chapter 2: Monopoly Chapter 3: Perfect competition Chapter 4: Cost accounting Chapter 5: Profit maximization Chapter 6: Cost-plus pricing Chapter 7: Marginal cost Chapter 8: Variable cost Chapter 9: Operating leverage Chapter 10: Cournot competition Chapter 11: Gross margin Chapter 12: Contribution margin Chapter 13: Cost curve Chapter 14: Total cost Chapter 15: Pricing strategies Chapter 16: Average variable cost Chapter 17: Cost-volume-profit analysis Chapter 18: Shutdown (economics) Chapter 19: Cigar Box method Chapter 20: Profit-based sales targets Chapter 21: Profit model (II) Answering the public top questions about break even economics. (III) Real world examples for the usage of break even economics in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Break Even Economics.