Question Completion Status: QUESTION 3 Profit is defined as a. marginal revenue minus marginal cost. b. total revenue minus total cost. c. net revenue minus depreciation. d. average revenue minus average total cost. QUESTION 4 Daphne sells 300 glasses of lemonade at $0.50 each. Her total costs are $125. Her profits are a.$150. b.$25. c. $125. d. $124.50. QUESTION 5 Answers to save all answers.
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Daphne sells 300 glasses of lemonade at $0.50 each, so the total revenue is 300 * $0.50 = $150. Show more…
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