All of the following variables are used to calculate total profit except

Name: All of the following variables are used to calculate total profit except
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Output, Price, AVC and ATC are all used in the calculation of total profit. However, AVC is a measure of the average variable cost per unit of output and is not directly related to total profit, which is the difference between total revenue and total cost.

All of the Following Variables Are Used to Calculate Total