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

Question

Quizplus · Accepted Answer

Total profit is the difference between total revenue and total cost, hence options A and C are correct. Additionally, average profit times total output also equals total profit, which makes option B correct as well. Therefore, all options are correct.

Total Profit Equals