Letters are used to represent the terms used to answer this question: price(P), quantity of output(Q),total cost(TC) and average total cost(ATC). Which of the following equations is equal to a firm's average profit? A. (P −ATC) × Q B. P−ATC C. (P×Q)−TC D. P−TC
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quantity of output(Q),total cost(TC)
and
Which of the following equations is equal to a firm's average profit?
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