Profit is the difference between total cost and ___________________

Related MCQs

• The contribution is the difference between total revenue and ___________________
• Cost theory explains the relationship between cost &_________________
• The difference between break even sales and actual sales is known as _________________
• In the long-run total cost is equal to ______________
• When the marginal ccost is rising the total cost is ______________
• Out of pocket cost are _______________ cost
• Alternative cost is also known as a ____________________
• The shape of average cost curve is ______________
• In the long – run there is no _______________ cost
• TC=a+bQ is a ________________ Cost function