Which of the following could not be used to calculate a firm's total profit?
A)total revenue minus total cost.
B)average profit per unit times quantity sold.
C)(price minus average total cost)times quantity sold.
D)marginal profit times quantity sold.

Question

Quizplus · Accepted Answer

Marginal profit refers to the profit gained from selling one additional unit, not the total profit across all units sold. Therefore, multiplying marginal profit by quantity sold does not accurately calculate a firm's total profit, as it does not account for changes in costs or revenues across different levels of production.

Which of the Following Could Not Be Used to Calculate