(Figure: Profit Margin 3) JoJo's company data is in the graph below. JoJo would earn a profit:

A)only at an output of nine.
B)at all output levels.
C)at any output between eight and 18.
D)at any output between three and 14.

Question

(Figure: Profit Margin 3) JoJo's company data is in the graph below. JoJo would earn a profit:

A)only at an output of nine. 
B)at all output levels. 
C)at any output between eight and 18. 
D)at any output between three and 14.

Quizplus · Accepted Answer

JoJo's profit margin is positive for all levels of output between three and 14. Therefore, JoJo would earn a profit at any output between three and 14.

(Figure: Profit Margin 3) JoJo's Company Data Is in the Graph