The profit in the model is:
A) output - (wages times labour hired + the rental price times capital rented) .
B) (price times output) divided by (wages times labour hired + the rental price times capital rented) .
C) (price times output) - (wages times labour hired + the rental price times capital rented) .
D) (wages times labour hired + the rental price times capital rented) - (price times output) .
Correct Answer:
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