If revenues exceed ________, profit is ________.A) total cost; negativeB) fixed cost; positiveC) variable cost; negativeD) total cost; positive

Question

If revenues exceed ________, profit is ________.A)  total cost; negativeB)  fixed cost; positiveC)  variable cost; negativeD)  total cost; positive

Rubio Escobar · Accepted Answer

Final Answer : D, Explanation :  When revenues exceed total cost, profit is positive because total cost includes all expenses (fixed and variable), and exceeding this amount means the business is generating more money than it's spending.

If revenues exceed , profit is .

A) total cost; negative
B) fixed cost; positive
C) variable cost; negative
D) total cost; positive

Definitions

Learning Objectives

Learning Objectives

Related questions