The first step of the financial planning process is to: A. develop financial goals. B. implement the financial plan. C. analyze
2 answers:
You might be interested in
Answer:
The x-coordinate of the intersection point represents the number of units for which the profit is 0.
Explanation:
The given revenues function is
The cost function is
It is given that graph of both function intersect each other at (2000,8000).
Intersection point of cost and revenues function represents that the total cost and total revenue are equal.
Profit = Total revenue - Total cost
Profit = TR - TC
Profit = TR - TR (TR=TC)
Profit = 0
The x-coordinate of the intersection point represents the number of units for which the profit is 0.
x-coordinate of the intersection point = 2000
The profit is 0 if the number of units is 2000.
