Profit is the difference between _____ and _____.
A)total sales;total revenues
B)total profits;total costs
C)total revenues;total costs
D)marginal costs;marginal revenues

Question

Quizplus · Accepted Answer

Profit is the difference between the total revenues and total costs. Total sales and total profits are not accurate as profit is the amount left after deducting all costs. Marginal costs and marginal revenues refer to the additional costs and revenues incurred from producing one extra unit, which is not the same as overall profits.

Profit Is the Difference Between _____ and _____

Profit Is the Difference Between _ and _