Figure 11-6a
-In the break-even chart in Figure 11-7a above, the triangular area GAF represents the firm's
A) fixed costs.
B) break-even point.
C) variable costs.
D) profit.
E) total revenue.

Question

Figure 11-6a
-In the break-even chart in Figure 11-7a above, the triangular area GAF represents the firm's
A) fixed costs. 
B) break-even point. 
C) variable costs. 
D) profit. 
E) total revenue.

Quizplus · Accepted Answer

The triangular area GAF represents the firm's profit, as it is the area above the break-even point where total revenue exceeds total costs.

Figure 11-6a -In the Break-Even Chart in Figure 11-7a Above, the Triangular