How does the concept of relevant range relate to your graphs? Explain. place restrictions on the...

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How does the concept of relevant range relate to your graphs? Explain. place restrictions on the unit variable The concept of relevant range is potentially relevant for both graphs. The question does costs. The relevant range for the total fixed costs is from 0 to 500 tires; 501 to 1000 tires; more than 1000 tires, and so on. The total fixed costs are the same amount for all of the ranges. $950,000 $900,000- $850,000 $800,000 Total Variable Costs 0 0 0 $750,000 0 $700,000- $650,000 $600,000- $550,000 $500,000- $450,000 $400,000 $350,000 $300,000 $250,000- 10 0 0 0 $200,000- $150,000 $100,000 $50,000- $0- 0 46 40 80 -0 120 160 200 240 280 320 360 400 440 480 Vehicles Produced OK X If 10 to O ch th Total Fixed Costs $500,000- $400,000- $300,000 $200,000 $100,000- g $0+ 0 500 1,000 1,500 Tires Used in Production 000 OK How does the concept of relevant range relate to your graphs? Explain. place restrictions on the unit variable The concept of relevant range is potentially relevant for both graphs. The question does costs. The relevant range for the total fixed costs is from 0 to 500 tires; 501 to 1000 tires; more than 1000 tires, and so on. The total fixed costs are the same amount for all of the ranges. $950,000 $900,000- $850,000 $800,000 Total Variable Costs 0 0 0 $750,000 0 $700,000- $650,000 $600,000- $550,000 $500,000- $450,000 $400,000 $350,000 $300,000 $250,000- 10 0 0 0 $200,000- $150,000 $100,000 $50,000- $0- 0 46 40 80 -0 120 160 200 240 280 320 360 400 440 480 Vehicles Produced OK X If 10 to O ch th Total Fixed Costs $500,000- $400,000- $300,000 $200,000 $100,000- g $0+ 0 500 1,000 1,500 Tires Used in Production 000 OK