On a per unit basis,economic profit can be determined as the difference between:

A) marginal revenue and product price.
B) product price and average total cost.
C) marginal revenue and marginal cost.
D) average fixed cost and product price.

Economic Profit

The divergence between an organization's total income and its comprehensive costs, incorporating both overt and implicit expenses.

Average Total Cost

The total cost divided by the number of goods produced, representing the per-unit production cost.

Product Price

The amount of money required to purchase a good or service, determined by various factors including production costs, market demand, and competitive dynamics.