The shaded area in Figure 24.1 represents
A) Total revenue.
B) Total cost.
C) Total profit.
D) Total loss.

Name: The shaded area in Figure 24.1 represents A) Total revenue. B) Total cost. C) Total profit. D) Total loss.
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Question

The shaded area in Figure 24.1 represents
A) Total revenue. 
B) Total cost. 
C) Total profit. 
D) Total loss.

Quizplus · Accepted Answer

The shaded area in Figure 24.1 represents the difference between Total Revenue and Total Cost, which is Total Profit. Therefore, the correct choice is C.

The Shaded Area in Figure 24.1 Represents