Which of the Following Is NOT a Way to Express

question 41

Multiple Choice

Which of the following is NOT a way to express the formula for profit?

• A) Profit = Revenue - Cost
• B) π = R(Q) - C(Q)
• C) π = [P(Q) × Q] - [C(Q) × Q]
• D) π = [P(Q) × Q] - C(Q)

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Definitions:

Cost Formulas

Equations or models used to calculate the costs associated with manufacturing a product or delivering a service.

Plane Operating Costs

Expenses related to the operation of an aircraft, including fuel, maintenance, crew salaries, and hangar fees.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity, allowing for more precise financial planning and analysis.

Administrative Expenses

Costs related to the general operation of a company, including expenses such as rent, salaries of administrative staff, and office supplies.