The Cost Graphs in the Illustration Below Shows Various Types

question 259

Essay

The cost graphs in the illustration below shows various types of cost behaviors.
For each of the following costs,identify the cost graph that best describes its cost behavior as the number of units produced and sold increases:

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Definitions:

Net Loss

The result when a company's or individual's expenses exceed their income.

Net Income

The total earnings of an individual or corporation, after all taxes and deductions have been subtracted from total revenue.

Schedule E

A tax document utilized to declare earnings and deficits from real estate rentals, royalty payments, partnerships, S corporations, estates, and trusts.

Schedule D

A form used with IRS tax returns to report capital gains and losses from transactions of capital assets.