The following statements are made on the basis of given graph. A. OB represents the cost function. Choose the correct answer from the options given below: |
A and D only B and C only B and E only C only |
B and C only |
The correct answer is Option (3) → B and E only $\text{OB passes through origin} \Rightarrow \text{Revenue function}$ $\text{MA has positive intercept} \Rightarrow \text{Cost function}$ $\text{Intersection at } x=10 \Rightarrow \text{Break-even}$ $x<10 \Rightarrow \text{Cost > Revenue} \Rightarrow \text{Loss}$ $x>10 \Rightarrow \text{Revenue > Cost} \Rightarrow \text{Profit}$ $\text{Check statements:}$ $\text{A: False}$ $\text{B: True}$ $\text{C: True}$ $\text{D: False}$ $\text{E: No profit exactly at } x=10 \Rightarrow \text{False}$ Correct statements are B and C. |