Asked by
debbie macnabb
on Nov 30, 2024
Verified
Total profit
A) is the rectangle bounded by OLTF.
B) is the rectangle bounded by OKER.
C) is the rectangle bounded by LMGF.
D) None of the choices are correct.
Total Profit
The financial gain made by a business after subtracting all expenses from its total revenues.
- Comprehend the situations enabling a firm to optimize profits, lessen financial shortfalls, or achieve break-even status, with a focus on the contributions of average total cost (ATC), marginal cost (MC), and marginal revenue (MR).
- Evaluate the outcomes of being profitable, facing financial losses, or reaching a break-even point for an enterprise operating in a market characterized by perfect competition.
Verified Answer
PK
Learning Objectives
- Comprehend the situations enabling a firm to optimize profits, lessen financial shortfalls, or achieve break-even status, with a focus on the contributions of average total cost (ATC), marginal cost (MC), and marginal revenue (MR).
- Evaluate the outcomes of being profitable, facing financial losses, or reaching a break-even point for an enterprise operating in a market characterized by perfect competition.