Q494
Vertical dashed line in graphical representation of cost function represents the
A.
cost representation
B.
irrelevant range
C.
relevant range
AnswerD.
graphical representation
Answer: Option C
Solution
Answer: Option C
Solution:
Vertical dashed line in graphical representation of cost function represents the relevant range. The relevant range refers to a specific activity level that is bounded by a minimum and maximum amount. Within the designated boundaries, certain revenue or expense levels can be expected to occur.