-Refer to the above figure. Profits for this firm are
A) zero.
B) negative.
C) positive.
D) undetermined without more information.

Question

-Refer to the above figure. Profits for this firm are
A) zero. 
B) negative. 
C) positive. 
D) undetermined without more information.

Quizplus · Accepted Answer

Profits are positive when total revenue exceeds total costs. In the absence of a specific figure or graph provided in the question, the general principle is that if a firm's total revenue is greater than its total costs, it is making a profit.

-Refer to the Above Figure