When a profit-maximizing firm is earning profits,those profits can be identified by

Name: When a profit-maximizing firm is earning profits,those profits can be identified by
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Profits are calculated by subtracting the total cost from total revenue (P×Q - ATC×Q). Option C represents this equation, where (P - ATC) represents the profit per unit sold. Multiplying it by the quantity (Q) gives the total profit. Therefore, option C correctly identifies the profits earned by the firm.

When a Profit-Maximizing Firm Is Earning Profits,those Profits Can Be