ECONOMICS

Detailed explanation-1: -The correct answer is option C) revenue line intersects the total cost line. The break-even point is the point where the total revenues are equivalent to the total costs of production, leaving nothing for profits or for for loss.

Detailed explanation-2: -The cost-volume-profit graph helps to get the break-even-point. The point of intersection of total revenue and total cost is the break even point where there would be no profit or loss.

Detailed explanation-3: -The point where the total costs line crosses the total sales line represents the breakeven point. This is the point of production where sales revenue will cover the costs of production.

Detailed explanation-4: -The point where the total cost and revenue lines intersect is the break-even point. The amount of profit or loss at different output levels is represented by the distance between the total cost and total revenue lines.

Detailed explanation-5: -The total cost line intersects the verticle axis at the fixed costs point on the dollar axis on a CVP graph. Total costs then increase with volume and intersect with revenues at the break-even point.