Profit Per Unit of Output Is

question 12

Multiple Choice

Profit per unit of output is

• A)price minus average total cost
• B)marginal revenue minus marginal cost
• C)average total cost minus average variable cost
• D)total revenue minus total cost
• E)demand minus average variable cost

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Definitions:

Traceable Fixed Expense

Fixed costs that can be directly associated with a specific product, department, or segment of the business.

Net Operating Income

The total profit of a business after operating expenses but before deducting taxes and interest.

Sales Forecast

An estimate of the amount of products or services a company expects to sell during a specific period, based on historical data, market analysis, and other factors.

Unit Sales

The quantity of items or products sold, not taking into account the revenue generated from these sales.