Supply function graph
Increasing
Demand function graph
decreasing
break-even point
a firm neither profits or loses money
break-even quantity
units produces when a company neither profits or loses money
break-even revenue
income when a company neither profits of loses money
market equilibrium
quantity produced = quantity demanded
market quantity
units produced when quantity produced equals quantity demanded
market revenue
income when quantity produced equals quantity demanded
slope of a horizontal line
0
Slope of a vertical line
undefined
fixed costs
rent & salary employee payroll
variable costs
raw materials & hourly employee payroll