Profit is the:

A. total revenue minus total cost.
B. sum of total revenue and total cost.
C. total cost minus total revenue.
D. None of these is true.

A. total revenue minus total cost.

Economics

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The range to the right of the midpoint on a linear demand curve is

A) elastic. B) infinite. C) one. D) inelastic.

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Exhibit 30-2

?

A. Q1ABQ2. B. Q1AEQ2. C. Q1CBQ2. D. ABE.

Economics