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Basic Question 1 of 8
The breakeven point is the minimum average ______ cost point in the long run.
B. fixed
C. total
A. variable
B. fixed
C. total
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
determine and interpret break even and shutdown points of production, as well as how economies and diseconomies of scale affect costs under perfect and imperfect competition
CFA® 2025 Level I Curriculum, Volume 1, Module 1.