Total revenue minus total cost is equal toGroup of answer choicesthe rate of return.marginal revenue.profit.net cost.

Total revenue minus total cost is equal toGroup of answer choicesprofit.consumer surplus.producer surplus.retained earnings.dividends.

Profit is calculated as revenue minus total costs.Group of answer choicestruefalse PreviousNext

Profit is defined asGroup of answer choicesnet revenue minus depreciation.total revenue minus total cost.average revenue minus average total cost.marginal revenue minus marginal cost.

Total revenue equals:Multiple choice question.price times cost.cost times output.output times quantity.price times quantity.

Marginal revenue is the change in totalGroup of answer choicesrevenue received when the firm spends more money.cost incurred when the firm produces one additional unit.revenue divided by the change in total cost.cost divided by the change in total revenue.revenue received when the firm produces one additional unit.