1. Which two of the following statements are true of the break-even chart?

Select more than one:

a. A business makes a loss when the total revenue curve is below the total cost curve.

b. The break-even point is the point where the total cost curve intercepts the total revenue curve.

c. A business makes a profit where the total revenue curve is below the total cost curve.

d. Margin of safety increases when the break-even point increases.