A Firm's Profit Is

question 34

Multiple Choice

A firm's profit is

• A)usually negative when opportunity costs are included.
• B)the difference between marginal revenue and marginal cost.
• C)the opportunity cost of the firm's shareholders.
• D)the difference between revenue and cost.

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Definitions:

Solve

The process of finding the value of variables that make a mathematical statement true.

Solution

The value or set of values that satisfy an equation, inequality, or system of equations.

Equation

A mathematical statement that asserts the equality of two expressions, symbolized by the use of an equals sign.

Solve

To find the solution to a problem or the answer to a question, especially in mathematics.