This graph shows the relationship between the number of parts produced on the x-axis ranging from 0 to 200,000 and the corresponding total cost, total revenue and fixed cost on the y-axis ranging from 0 to 90,000. As the number of parts produced increases, the total cost and total revenue lines both increase but total cost increases at a faster rate, showing decreasing marginal returns. The fixed cost line is flat, showing it does not change with production quantity.
This graph shows the relationship between the number of parts produced on the x-axis ranging from 0 to 200,000 and the corresponding total cost, total revenue and fixed cost on the y-axis ranging from 0 to 90,000. As the number of parts produced increases, the total cost and total revenue lines both increase but total cost increases at a faster rate, showing decreasing marginal returns. The fixed cost line is flat, showing it does not change with production quantity.
This graph shows the relationship between the number of parts produced on the x-axis ranging from 0 to 200,000 and the corresponding total cost, total revenue and fixed cost on the y-axis ranging from 0 to 90,000. As the number of parts produced increases, the total cost and total revenue lines both increase but total cost increases at a faster rate, showing decreasing marginal returns. The fixed cost line is flat, showing it does not change with production quantity.