Given that TC TFC TVC and TR AR x Q profit is e... - JAMB Economics 1995 Question
Given that TC = TFC + TVC and TR = AR x Q, profit is equal to
A
(AR + Q) - TFC
B
\(\frac{\text{(TFC + TVC)}}{Q}\)
C
(AR x Q) - TC
D
\(\frac{\text{(TC x Q)}}{AR}\)
correct option: c
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