Total profit equals
A)TR − TC.
B)average profit times total output.
C)total sales revenue minus total cost.
D)All of the responses are correct.

Name: Total profit equals A)TR − TC. B)average profit times total output. C)total sales revenue minus total cost. D)All of the responses are correct.
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Question

Quizplus · Accepted Answer

All of the responses are correct, as total profit can be calculated using any of the given formulas: TR - TC, average profit times total output, or total sales revenue minus total cost.

Total Profit Equals