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DragoxCM16 DragoxCM16
wrote...
Posts: 482
5 years ago
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?

P - ATC

• (P - ATC) × Q

• (P × Q) - TC

P - TC
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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Replies
wrote...
5 years ago
P - ATC
DragoxCM16 Author
wrote...
5 years ago
Thank you, thank you, thank you!
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