multiple choice question\naccording to the profit equation, profit is ______.\ntotal revenue minus total…
multiple choice question\naccording to the profit equation, profit is ______.\ntotal revenue minus total cost\ntotal cost minus variable cost\nfixed cost minus variable cost\nunit price times quantity sold\nneed help? review these concept resources.\nread about the concept
Answer
Brief Explanations:
The basic profit - equation in business is Profit = Total Revenue - Total Cost. Total revenue is the income from selling products or services, and total cost includes all expenses in production and operation.
Answer:
total revenue minus total cost