Question

At the​ break-even price, A. the firm is making just enough money to cover all its​ costs, including the opportunity costs of the entrepreneur. B. economic profit is zero. C. the ATC curve is at its minimum. D. All of the above.

Answer 1

D. All of the above.

Step-by-step explanation:

The break even price is when the economic profit equals to zero.

(B is correct)

The economic profit, include both type of cost:

the explicit: labor, materials, overhead selling and administrative

and the implicit: opportunity cost

(This makes A correct)

Also it is the point at which the Average total Cost is lower

(C is correct)