How the total profit can be calculated as

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Question 1: Total profit can be calculated as:

Group of answer choices

Option 1: Total revenue divided by the quantity sold.

Option 2: Average total cost multiplied by price.

Option 3: The difference between price and average total cost multiplied by the quantity sold.

Option 4: Price and average total cost added together and then multiplied by the quantity sold.

Reference no: EM132493530

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