Question

Maria operates a taco truck in her neighborhood. She has created a graph based on her business performance in the previous year. The price she currently sells tacos for is $2.30. Which two statements correctly interpret this graph? Revenue and Cost Functions 1)Maria’s business is incurring losses. 2)Maria’s costs are rising over time. 3)Maria is running a profitable business. 4)Maria’s total revenue exceeds her total profit. 5)Maria’s total profit exceeds her total revenue.

Answer 1

Answer:

3)Maria is running a profitable business.

4)Maria’s total revenue exceeds her total profit.

Step-by-step explanation:

The graph shows variation of revenue and cost with respect to price of product and not with respect to time .

The price of the product is 2.30 . From this graph , we see  that at this price revenue exceeds total cost . So maria is running a profitable business .

Total profit can not exceed total revenue as

Total revenue - total cost = total profit .

So total profit will always be less than total revenue .