The blue line on the following graph shows a firm’s daily costs for the first 90 days of the fiscal year. Because the firm is expanding, its costs are constantly rising.

Question

The area of the shaded quadrilateral is blank ($120,000, $480,000, $240,000). The area of the quadrilateral corresponds to the Blank (total amount spent, average amount spent per day), between (day 0 and day 40, day 40 and day 80, day 40 and day 100, day 0 and day 80).

Answer 1

To analyze the situation correctly, we need to understand what the area of the shaded quadrilateral represents in the context of the graph you're describing. Given that the firm’s daily costs are displayed and are constantly rising, the area under the cost curve represents the total amount spent over a particular time frame.

The area of the quadrilateral can be associated with either total costs spent within a specific time interval or average costs spent. However, without the specific dimensions or values from the graph, I can provide a general breakdown of the information you're asking about:

1. The area of the shaded quadrilateral corresponds to the total amount spent during the specified period. (This is because area under a cost function typically represents total costs.)

2. The correct period would depend on the endpoints of the shaded quadrilateral and could be any of the intervals mentioned, depending on which two points the quadrilateral connects.

If you provide me with information such as the points represented or values related to costs on the y-axis (vertical) and days on the x-axis (horizontal), I can help you determine the specific numeric area as well as clarify the intervals accurately.