The Figure Shows the Graphs of the Cost and Revenue

question 259

Multiple Choice

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.

-What is the profit when 996 binoculars are produced?

• A)$492
• B)$3492
• C)$2484
• D)$5484

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Definitions:

Efficiency

The ability to accomplish a job with a minimum expenditure of time and resources.

Available Information

The data and knowledge that are accessible to investors, which can influence their decision-making processes in markets.

Securities

Financial assets indicating a possession interest in stock market entities, a bond-based financial relationship with governmental or corporate entities, or the potential for ownership encapsulated in options.

Volatility

A statistical measure indicating the tendency of a market or security's price to rise or fall sharply within a short period.