Economics B A-Level
Total profit
What Total profit means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Total profit
Check what you remember
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Reference: Pearson Edexcel
Total revenue minus total cost, which rises when marginal revenue exceeds marginal cost.
Topics that use Total profit
- Appendix 3: Quantitative skills (Pearson Edexcel A-Level)
Related terms
- Base year
- Cross elasticity of demand
- Data interpretation
- Fraction
- Income elasticity of demand
- Index numbers
- Inflation measurement
- Marginal cost
Using Total profit in the exam
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