A firm's profit equation demonstrates that its profit equals:
A.
total cost + total revenue.
B.
total revenue - total cost.
C.
total cost - marginal cost.
D.
total cost - variable cost.
Answer: B
A.
total cost + total revenue.
B.
total revenue - total cost.
C.
total cost - marginal cost.
D.
total cost - variable cost.
Answer: B