SOLUTION: Select all correct answers.
Is it A and E? I want to check my answer.
Josephine is opening a retail shoe store and has developed this graph to represent her projected revenue
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Question 1184526: Select all correct answers.
Is it A and E? I want to check my answer.
Josephine is opening a retail shoe store and has developed this graph to represent her projected revenue, costs, and profit. Which two sentences correctly interpret the graph?
A. Profits increase until the price of the shoes reaches $22.
B. Costs decrease until the price of the shoes reaches $22.
C. Profits and revenues are equal when the shoes are priced at $22.
D. As long as revenues are positive, profits are too.
E. There are more prices with positive revenues than positive profits.
The question is provided in the link here: https://i.imgur.com/mcJ857p.png
Answer by Theo(13342) (Show Source): You can put this solution on YOUR website!
i believe so.
the costs keep decreasing as the price keeps increasing, so that's not it.
profits and revenues are never equal at the same price, so that's not it.
there are negative profits when revenues are positive, so that's not it.
that leaves A and E, so they're probably right.
profits do increase until the price is 22 dollars, so that looks good, even though you can't see that it's exactly 22 from looking at the graph.
there are more positive revnues than positive profits looks good because the zero points on the graph are wider for positive revenue then they are for positive profits.
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