Editing Break-even point (section)

{{Short description|Equality of costs and revenues}}
{{About|break-evens in economics||Break-even (disambiguation)}}
[[File:CVP-TC-Sales-PL-BEP.svg|thumb|right|240px|'''The Break-Even Point''']]
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". In layman's terms, after all costs are paid for there is neither profit nor loss.<ref name='R000000'>{{cite book | last = Levine | first = David | author-link = David K. Levine |author2= Michele Boldrin | title = Against Intellectual Monopoly | publisher = Cambridge University Press | date = 2008-09-07 | pages = 312 | url = http://www.dklevine.com/general/intellectual/againstfinal.htm | isbn = 978-0-521-87928-6 }}</ref><ref>Tapang, Bienvenido, and Lorelei Mendoza. ''Introductory Economics.'' University of the Philippines, Baguio.</ref> In economics specifically, the term has a broader definition; even if there is no net loss or gain, and one has "broken even", [[opportunity cost]]s have been covered and capital has received the risk-adjusted, expected return. The break-even analysis was developed by [[Karl Bücher]] and Johann Friedrich Schär.