Figure: 13-7
-Figure 13-7 shows that by selling 800 pictures the firm will

Question

Figure: 13-7 
-Figure 13-7 shows that by selling 800 pictures the firm will

Quizplus · Accepted Answer

From the graph, we can see that the total revenue line intersects the total cost line at a point where the quantity sold is around 800. This means that selling 800 pictures will result in total revenue equal to total cost, which indicates the firm will break even. However, any amount of pictures sold above 800 will generate revenue that exceeds total cost, resulting in a profit. Therefore, the best choice is C: earn a profit.

Figure: 13-7 -Figure 13-7 Shows That by Selling 800 Pictures the Firm