Which of the following is NOT a way to express the formula for profit?
A) Profit = Revenue - Cost
B) π = R(Q) - C(Q)
C) π = [P(Q) × Q] - [C(Q) × Q]
D) π = [P(Q) × Q] - C(Q)

Question

Quizplus · Accepted Answer

The formula in option C incorrectly multiplies the cost function C(Q) by Q, which is not a standard way to express profit. Profit is typically calculated as total revenue minus total cost, without multiplying the cost function by quantity again.

Which of the Following Is NOT a Way to Express