Below Is a Graph of a Function $f ( x )$

question 47

Multiple Choice

Below is a graph of a function $f ( x )$ . What is the limiting value for $f$ ?

• A) 60
• B) 20
• C) 50
• D) None of the above

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Definitions:

Variable Costs

Costs that change in proportion to the level of goods or services that a business produces.

Product Demand Curves

Graphical representations showing the relationship between the price of a product and the quantity of the product demanded.

Normal Profit

The minimum profit necessary for a company to remain competitive in the market; it occurs when total revenue equals total costs.

Normal Profit

The profit level that allows a business to remain competitive in the market, covering its opportunity costs.