Use the figure below to answer the following questions. 
Figure 1A.2.4
-Refer to Figure 1A.2.4.Suppose theory predicted that for low levels of quantity produced (x) a firm's profits (y) were low,for medium levels of output their profits were high,and for high levels of output their profits were low again.Which one of the graphs would represent this relationship?
Definitions:
ACP
Average Collection Period, indicating the average number of days it takes for a company to collect its receivables.
Pledging Receivables
Pledging receivables involves using the money owed to a company by its customers as collateral for a loan.
Effective Cost
Effective cost refers to the total cost of a financing option when all charges, fees, and interest payments are taken into account.
Annual Rate
The interest rate for a period of one year, often used to compare the yields of different investment and financing options.
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