The graph of a company's profit function is shown. Use the graph to answer the following questions about points A, B, and C. P(x) 5000 - P(x) B 3000 1000 + ++► x 100 200 300 400 -1000 +PA Units (a) Rank from smallest to largest the amounts of profit received at these points. O A, B, C O A, C, B О в, А, С O B, C, A O , A, B о С, В, А Explain your choices. O The profit is represented by the slope at each point. O The profit is represented by the P(x) coordinates. O The profit is represented by the x coordinates. Note whether any point results in a loss. (Select all that apply.) O A O B O none of these Dollars
The graph of a company's profit function is shown. Use the graph to answer the following questions about points A, B, and C. P(x) 5000 - P(x) B 3000 1000 + ++► x 100 200 300 400 -1000 +PA Units (a) Rank from smallest to largest the amounts of profit received at these points. O A, B, C O A, C, B О в, А, С O B, C, A O , A, B о С, В, А Explain your choices. O The profit is represented by the slope at each point. O The profit is represented by the P(x) coordinates. O The profit is represented by the x coordinates. Note whether any point results in a loss. (Select all that apply.) O A O B O none of these Dollars
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 32MCQ
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Question
![The graph of a company's profit function is shown. Use the graph to answer the following questions about points A, B, and C.
P(x)
5000
P(x)
3000
B.
1000-
-1000 -
100
TA
200
300
400
Units
(a) Rank from smallest to largest the amounts of profit received at these points.
O A, B, C
O A, C, B
О в, А, С
О в, с, А
О С, А, В
О С, в, А
Explain your choices.
O The profit is represented by the slope at each point.
O The profit is represented by the P(x) coordinates.
O The profit is represented by the x coordinates.
Note whether any point results in a loss. (Select all that apply.)
none of these
Dollars](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6387f1fe-f7de-460c-a439-51c8967659dd%2Fae6cbee4-67bd-457f-bee8-e510d78d9f9d%2Frck72w_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The graph of a company's profit function is shown. Use the graph to answer the following questions about points A, B, and C.
P(x)
5000
P(x)
3000
B.
1000-
-1000 -
100
TA
200
300
400
Units
(a) Rank from smallest to largest the amounts of profit received at these points.
O A, B, C
O A, C, B
О в, А, С
О в, с, А
О С, А, В
О С, в, А
Explain your choices.
O The profit is represented by the slope at each point.
O The profit is represented by the P(x) coordinates.
O The profit is represented by the x coordinates.
Note whether any point results in a loss. (Select all that apply.)
none of these
Dollars
![(b) Rank from smallest to largest the marginal profit at these points.
О А, В, С
O A, C, B
О в, А, с
О в, с, А
O C, A, B
О С, В, А
Explain your choices.
O The marginal profit is represented by the slope at each point.
O The marginal profit is represented by the P(x) coordinates.
O The marginal profit is represented by the x coordinates.
Note whether any marginal is negative. (Select all that apply.)
O A
В
C
O none of these
Explain what it means for a marginal to be negative.
O It means you will gain money on the sale of the next unit.
O It means you will lose money on the sale of the next unit.
O It means the next unit will be harder to sell.
O It means the next unit will be easier to sell.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6387f1fe-f7de-460c-a439-51c8967659dd%2Fae6cbee4-67bd-457f-bee8-e510d78d9f9d%2Fit3pmo_processed.jpeg&w=3840&q=75)
Transcribed Image Text:(b) Rank from smallest to largest the marginal profit at these points.
О А, В, С
O A, C, B
О в, А, с
О в, с, А
O C, A, B
О С, В, А
Explain your choices.
O The marginal profit is represented by the slope at each point.
O The marginal profit is represented by the P(x) coordinates.
O The marginal profit is represented by the x coordinates.
Note whether any marginal is negative. (Select all that apply.)
O A
В
C
O none of these
Explain what it means for a marginal to be negative.
O It means you will gain money on the sale of the next unit.
O It means you will lose money on the sale of the next unit.
O It means the next unit will be harder to sell.
O It means the next unit will be easier to sell.
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