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

Revenue is calculated as the number of units sold multiplied by the profit generated per unit.Group of answer choicestruefalse PreviousNext

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

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 minus the implicit and explicit costs of production is profit.

The Sales of a company minus its Cost of Goods Sold are equal to:Group of answer choicesthe gross profit.the operating expenses.the net profit.the variable expenses.