Total Revenue Minus Total Cost Is Equal to

question 142

Multiple Choice

Total revenue minus total cost is equal to

• A) producer surplus.
• B) dividends.
• C) consumer surplus.
• D) profit.
• E) retained earnings.

---

Definitions:

External Attributions

The process of attributing the cause of behavior to situational factors outside a person.

Lowball Technique

A persuasive tactic in which an initially favorable offer is made, but then terms are changed to be less favorable once initial commitment is achieved.

Reciprocity Norm

A social norm that expects individuals to respond to each other in kind, favoring actions that have been beneficial to them.

Fact Sheet

A concise presentation of key information, data, and statistics on a specific subject, often arranged for quick reference.