Use the following information to answer the following Questions

-Refer to the figure above. The triangular area between the horizontal axis and Line A, to the right of 4,000, represents:
A) fixed cost.
B) variable cost.
C) profit.
D) loss.
E) sales revenue.

Question

Use the following information to answer the following Questions

-Refer to the figure above. The triangular area between the horizontal axis and Line A, to the right of 4,000, represents:
A) fixed cost. 
B) variable cost. 
C) profit. 
D) loss. 
E) sales revenue.

Quizplus · Accepted Answer

The triangular area between the horizontal axis and a line (in this case, Line A) to the right of a certain point (here, 4,000) typically represents profit in graphical economic models. This is because it is the area where revenue exceeds costs, indicating a profit zone.

Use the Following Information to Answer the Following Questions