The two statements that correctly interpret this graph are:
C. Maria is running a profitable business.
D. Maria's total revenue exceeds her total profit.
In Mathematics, revenue is an amount of money that is generated by a firm, while using each of the units of labor for the production of its products or services.
Profit is a measure of the amount of money generated when the cost price is deducted from the selling price (revenue) of a good or service, which is usually provided by producers;
Profit made = Revenue earned - Cost of production
By critically observing the graph shown below, we can logically deduce the following true statements;
Maria is running a profitable business because the profit curve is higher than the cost line.
Maria's profits increase until the price of the tacos reaches $22 because the profit curve has a maximum at $22.
Maria's total revenue exceeds her total profit.
There are more prices of tacos with positive revenues than positive profits.
Complete Question;
Select all the correct answers.
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?
Maria's business is incurring losses.
Maria's costs are rising over time.
Maria is running a profitable business.
Maria's total revenue exceeds her total profit.
Maria's total profit exceeds her total revenue.