Which of the following can be added to profit to obtain total revenue?

Which of the following would most likely cause measured GDP to overstate the actual output produced in a year?

a. Increased production in the underground economy b. A decline in the quality of goods and services produced c. Increased production for home use (non-market production) d. A decline in population e. Increased purchases of market produced services

If total profit is at a maximum, then average profit is zero

a. True b. False Indicate whether the statement is true or false