Directions: Use Your Knowledge of Reading Graphics to Answer the Following

question 99

Multiple Choice

Directions: Use your knowledge of reading graphics to answer the following questions.

What type of graphic is this?​

• A) ​pictograph
• B) ​bar graph
• C) ​line diagram
• D) ​time line

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Definitions:

Economic Profit

The gap between a company's total earnings and its combined explicit and implicit expenses.

Total Output

The total quantity of goods or services produced by an economy, firm, or production process within a given period.

Total Revenue

The complete amount of money received by a company or organization from its business activities, such as sales of goods or services, before any expenses are subtracted.

Total Cost

The complete cost of production, including both fixed and variable costs.