if revenues exceed economic profit is group of answer choices total cost negative total cost p

Name: if revenues exceed economic profit is group of answer choices total cost negative total cost positive variable cost negative variable cost positive
Uploaded: 2023-07-10T14:45:16-08:00
Duration: 1 min
Channel: Crystal Wang
Description: if revenues exceed economic profit is group of answer choices total cost negative total cost positive variable cost negative variable cost positive

Question

if revenues exceed  economic profit is  group of answer choices total cost negative total cost p

Crystal Wang · Accepted Answer

Step 1: The formula for profit is total revenue minus total cost.

Question

If revenues exceed ________, economic profit is ________. Group of answer choices total cost; negative total cost; positive variable cost; negative variable cost; positive

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If revenues exceed , economic profit is . Group of answer choices total cost; negative total cost; positive variable cost; negative variable cost; positive