In the break-even chart in Figure 13-7 above, the line CG represents the firm's

A) fixed costs.
B) break-even point.
C) variable costs.
D) profit.
E) total revenue.

Break-even Chart

A graphical representation that shows when a business will be able to cover all its expenses and start generating a profit, based on varying levels of output or sales.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance premiums, over a specified period.

Variable Costs

Costs that vary in direct proportion to changes in the level of production or sales volume, such as raw materials and labor.