FIGURE 5-2 -Refer to Figure 5-2. with Reference to Graph A, at to Graph

question 65

Multiple Choice

FIGURE 5-2

-Refer to Figure 5-2. With reference to Graph A, at a price of $5, what is total revenue equal to?

• A) $200
• B) $400
• C) $500
• D) $1000

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Definitions:

Break-Even Number

The quantity of products or services a business needs to sell to cover its costs, without making a profit or a loss.

Passenger

An individual who travels in a vehicle, aircraft, or vessel, but does not operate it or work as part of the crew.

Fixed Costs

Costs that do not fluctuate with the volume of production or sales, such as rent, salaries, or insurance premiums.

Janitorial Costs

Expenses associated with cleaning and maintaining a company's premises, including wages for janitorial staff and cleaning supplies.