Refer to the accompanying graph to answer the questions that follow.

-If the firm is maximizing profits,profit is represented by the area:

Question

Refer to the accompanying graph to answer the questions that follow.
 
-If the firm is maximizing profits,profit is represented by the area:

Quizplus · Accepted Answer

Profit is calculated as total revenue minus total cost. If A represents price, B represents cost, and C represents quantity, then profit is (A - B) × C, which is the difference between price and cost per unit, multiplied by the quantity sold.

Refer to the Accompanying Graph to Answer the Questions That