According to the profit equation, profit equals
A) Total cost + Total revenue.
B) Total revenue − Total cost.
C) Marginal revenue − Marginal cost.
D) Price × Quantity.
E) Total revenue + Marginal cost.

Name: According to the profit equation, profit equals A) Total cost + Total revenue. B) Total revenue − Total cost. C) Marginal revenue − Marginal cost. D) Price × Quantity. E) Total revenue + Marginal cost.
Brand: Quizplus
Rating: 4.9 (43 reviews)

Question

Quizplus · Accepted Answer

Profit equals total revenue minus total cost.

According to the Profit Equation, Profit Equals