Post Utme Mountain Top University 2023 Commerce Question 37

Practice objective / multiple choice question 37 from the 2023 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2023 Commerce Objective / Multiple Choice
Question 37 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2023 • COMMERCE • objective

A firm's break-even point is the point at which its total revenue equals its total fixed costs. What is the formula for calculating the break-even point?

Answer Options

Correct Answer A. \frac{Fixed\ Costs}{Selling\ Price - Variable\ Costs}
B. \frac{Selling\ Price - Variable\ Costs}{Fixed\ Costs}
C. \frac{Fixed\ Costs + Variable\ Costs}{Selling\ Price}
D. \frac{Selling\ Price + Variable\ Costs}{Fixed\ Costs}
Correct Answer
A
Correct Option:
\frac{Fixed\ Costs}{Selling\ Price - Variable\ Costs}

About This Question

This is Post Utme Mountain Top University 2023 Commerce Question 37. It is one of the objective questions from the 2023 Post Utme Mountain Top University Commerce examination.

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