Break-Even Point (BEP)
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A Break-Even Point (BEP) is an microeconomic measure of unit production required so that total cost and total revenue are equivalent (there is no net loss or gain, and the economic agent has "broken even").
- Example(s):
- Counter-Example(s):
- See: Opportunity Cost, Cost Accounting, Economic Profit, Economic Loss.
References
2022
- (Wikipedia, 2022) ⇒ https://en.wikipedia.org/wiki/Break-even_(economics) Retrieved:2022-8-14.
- The break-even point (BEP) in economics, business—and specifically cost accounting—is the point at which total cost and total revenue are equal, i.e. "even". There is no net loss or gain, and one has "broken even", though opportunity costs have been paid and capital has received the risk-adjusted, expected return. In short, all costs that must be paid are paid, and there is neither profit or loss.[1] [2]
- ↑ Levine, David; Michele Boldrin (2008-09-07). Against Intellectual Monopoly. Cambridge University Press. p. 312. ISBN 978-0-521-87928-6.
- ↑ Tapang, Bienvenido, and Lorelei Mendoza. Introductory Economics. University of the Philippines, Baguio.
2017
- (Sammut & Webb, 2017) ⇒ Claude Sammut (editor), and Geoffrey I. Webb (editor). (2017). “Breakeven Point.” In: (Sammut & Webb, 2011) p.137
- QUOTE: More accurately described as precision–recall BEP, it is an evaluation measure originally introduced in the field of information retrieval to evaluate retrieval systems that return a list of documents ordered by their supposed relevance to the user’s information need (see also Document Classification).