The difference between the total revenue and total cost curves at a given output is equal to
A)Total profit.
B)Profit per unit.
C)Average revenue.

Name: The difference between the total revenue and total cost curves at a given output is equal to A)Total profit. B)Profit per unit. C)Average revenue.
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Question

Quizplus · Accepted Answer

The difference between total revenue and total cost at a given output is equal to the total profit, which is the amount of money left over after all expenses have been paid. Therefore, the best choice is A.

The Difference Between the Total Revenue and Total Cost Curves