Economic Profit Is Defined as _____

Multiple Choice

Economic profit is defined as _____

A) total revenue minus the cost of the goods produced.
B) the price of the goods sold minus the quantity of goods sold.
C) total revenue minus what must be paid to resources to attract them from their best alternative use.
D) total revenue divided by what must be paid to resources to attract them from their best alternative use.
E) total revenue plus what must be paid to resources to attract them from their best alternative use.