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The Figure Shows the Graphs of the Cost and Revenue

question 20

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The figure shows the graphs of the cost and revenue functions for a company that manufactures and sells binoculars. Use the information in the figure to answer the question.
The figure shows the graphs of the cost and revenue functions for a company that manufactures and sells binoculars. Use the information in the figure to answer the question.    -Is there a profit when 395 binoculars are produced? A) No B) Yes
-Is there a profit when 395 binoculars are produced?

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Definitions:

Partners

Individuals or entities that share ownership and responsibilities in a business or venture.

Regulatory Control

The oversight and enforcement of rules and regulations by a governing body to ensure adherence to lawful standards and protect public interests.

Sole Proprietor

The single owner of an unincorporated business, personally responsible for all debts and obligations of the business.

Good Will

The favorable reputation of a business that adds to its value, often considered an intangible asset.

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