Answered: Which of the following equations…

Which of the following equations calculates the profits of a firm? O A. Total revenues - Fixed costs OB. Total costs - Fixed costs OC. Total revenues - Total costs O D. Total revenues + Total costs

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Which of the following equations calculates the profits of a firm?
O A. Total revenues - Fixed costs
OB.
Total costs - Fixed costs
OC. Total revenues - Total costs
O D. Total revenues + Total costs

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