5 from the article qatars break even costs on lng delivered to asia ar
Question
5) From the article: "Qatar's break-even costs on LNG delivered to Asia are $4per million British thermal units, compared with around $7 for U.S. producers."Which of the following statements describes what economists mean when a firm is said to break even? • A - The firm's revenue is equal to its implicit costs of production. B - The firm earns no economic profit. • C - The firm earns less than a normal profit. D - The firm's costs of production have become sunk costs. E - The firm's revenue is greater than its explicit costs plus its implicit costs.