Use the Following to Answer Questions : (Gridlines Are $\in$

question 121

Multiple Choice

Use the following to answer questions : (Gridlines are spaced one unit apart.)
-State the range of the function.

• A) y \(\in\) (-?, -2) \(\cup\) (-2, ?)
• B) y \(\in\) (-?, 2) \(\cup\) (2, ?)
• C) y \(\in\) (-?, -3)
• D) y \(\in\) (-?, 3)

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Definitions:

Annual Fixed Expenses

Costs that do not vary with the level of production or sales over a year, such as rent, insurance, and salaried personnel wages.

Break-Even

The point at which total costs equal total revenue, resulting in neither profit nor loss.

Variable Costs

Expenses that change in proportion to the activity of a business, such as costs for raw materials or production supplies.

Fixed Costs

Expenses that do not change with the level of output or activity, such as rent, salaries, and insurance premiums.