-Refer to the above figure. Profits will be positive

Name: -Refer to the above figure. Profits will be positive
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Profits are positive when the price is above the total cost. Without the figure, the general principle is that if costs are covered and there's additional revenue, profits are positive. Thus, if the price is above $2 and assuming $2 covers all costs, any price above $2 would result in positive profits.

-Refer to the Above Figure