Refer to the figure above. The vertical distance between the total cost line and the total revenue line represents:

Select one:

a. profit or loss at that volume.

b. semivariable cost.

c. variable cost.

d. fixed cost.

e. the safety margin.

Cost-Volume-Profit Graph $100,000 80,000 60,000 40,000 20,000 o 1.000 2.000 3.000 4.000 5,000 units