To calculate _________, you would compute: (Unit price x Quantity sold) - (Fixed cost + Variable cost).
A)profit
B)total revenue
C)marginal revenue
D)average revenue
E)break-even point

Question

Quizplus · Accepted Answer

The formula given corresponds to computing the profit earned by a business. The calculation subtracts both fixed and variable costs from the revenue generated by the sale of goods or services. Therefore, the correct choice is A) profit.

To Calculate _________, You Would Compute: (Unit Price X Quantity