Total profit of a competitive firm can be found by multiplying profit per unit times units sold.

Question

Quizplus · Accepted Answer

This is the formula for calculating total profit for a competitive firm: 
Total profit = (Price per unit - Average variable cost per unit) x Units sold. 
Profit per unit is calculated by subtracting average variable cost per unit from the price per unit, so multiplying profit per unit by units sold would give us total profit.

Total Profit of a Competitive Firm Can Be Found by Multiplying