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    Economics Principles and Policy Study Set 1
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    Exam 8: Output, Price, and Profit: the Importance of Marginal Analysis
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    Total Profit Equals
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Total Profit Equals

Question 108

Question 108

Multiple Choice

Total profit equals


A) TR − TC.
B) average profit times total output.
C) total sales revenue minus total cost.
D) All of the above are correct.

Correct Answer:

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