Question No 7:
A trader’s weekly costs, TC, are less than or equal to $100. Weekly revenue, R, is a minimum of $120.
Which ONE of the following statements is true?
A. TC < $100 and R > $120 and R > TC
B. TC ≥ $100 and R ≤ $120 and TC > R
C. TC ≤ $100 and R > $120 and R < TC
D. TC ≤ $100 and R ≥ $120 and R > TC
Answer: D
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