Let Q = Quantity Produced, P = Selling Price Per

question 166

Multiple Choice

Let Q = quantity produced, P = selling price per unit, VC = variable cost per unit, and TFC = total fixed cost. Which of the following equations is correct?

• A) Profit = Q × (P - VC) + TFC
• B) Profit = Q × (P - VC) - TFC
• C) Profit = Q × (P - VC - TFC)
• D) Profit = Q × (P - VC + TFC)

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