Which of the Following Is the Correct Profit Equation

question 29

Multiple Choice

Which of the following is the correct profit equation?

• A)Total sales - total variable costs
• B)Total sales - total fixed costs
• C)Total sales - total variable costs - total fixed costs
• D)Total sales - total variable costs + total fixed costs
• E)None of the answer choices is correct.

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Definitions:

James River

A significant river in Virginia, pivotal in the state's history and development, and serving as a key waterway for transportation and commerce.

Eastern Pennsylvania

A region in the Commonwealth of Pennsylvania, characterized by its rich historical importance, varied landscapes, and significant cultural and economic contributions to the state.

Sam Houston

An American soldier and politician, significant for his role in bringing Texas into the United States as a constituent state.

Texas's Secession

The act in 1861 when Texas declared its secession from the United States to join the Confederate States during the American Civil War.