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The break-even points (A,B,C) are the points of intersection between the total cost curve (TC) and a total revenue curve (R1, R2, or R3). The break-even quantity at each selling price can be read off the horizontal axis and the break-even price at each selling price can be read off the vertical axis.
The rule is conventionally stated in terms of price (average revenue) and average variable costs. The rules are equivalent—if one divides both sides of inequality TR > VC (total revenue exceeds variable costs) by the output quantity Q one obtains P > AVC (price exceeds average variable cost).
Using cross-country data for a sample of 157 countries during the 1970-2001 period, the results indicate that 46.1% of countries that suffered a sudden stop also faced a current account reversal, while 22.9% of countries that faced current account reversals also faced a sudden stop episode.
The average duration of the 11 recessions between 1945 and 2001 is 10 months, compared to 18 months for recessions between 1919 and 1945, and 22 months for recessions from 1854 to 1919. [6] Because of the great changes in the economy over the centuries, it is difficult to compare the severity of modern recessions to early recessions. [ 7 ]
Thus in determining whether to shut down a firm should compare total revenue to total variable costs rather than total costs (+). If the revenue the firm is receiving is greater than its total variable cost ( R > VC {\displaystyle {\text{R}}>{\text{VC}}} ), then the firm is covering all variable costs and there is additional revenue ...
Capital One is the sixth largest bank and the only one in the top 10 to eliminate overdraft fees. Smaller banks so far have been on the forefront of the overdraft movement this year, retooling ...
David Ricardo, interpreting Adam Smith's falling rate of profit theory to be that increased competition drives down the average rate of profit, argued that competition could only level out differences in profit rates on investments in production, but not lower the general profit rate (the grand-average profit rate) as a whole. [38]
A light period can also imply irregularity in duration (meaning you don’t get it every 28 days), and the time between each period extends beyond 35 days, adds Dr. Brophy.