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When the price that an item brings is more than the cost of bringing the item to market. I spent a dollar to make a widget, and 10 cents to put the widget on sale, advertise it, sell it and deliver it. It sells for $2. I have a profit of 90 cents on each widget.
What else can I help you with?
What occurs when revenue is greater than expenses?
profit
What is dollar profit?
Whole dollar profit is the amount of profit that has been rounded off to the nearest dollar. A profit is any type of financial gain that occurs after expenses have been deducted from the amount earned.
What is whole dollar profit?
Whole dollar profit is the amount of profit that has been rounded off to the nearest dollar. A profit is any type of financial gain that occurs after expenses have been deducted from the amount earned.
Why does profit occur?
Profit occurs when you sell something for more than it costs to produce. If it costs five dollars to make a deck of cards but you sell it for eight dollars, you have a three-dollar profit.
The price charged by a profit-maximizing monopolist occurs at?
the point where the marginal cost curve intersects the marginal revenue curve
Profit maxiamisation in a perfect economy?
Profit maximization occurs when the firm produces /sets their price at the intersection of the marginal cost curve and the horizontal MR DARP curve (marginal revenue, demand, average revenue, price)
Is an economic system in which most economic activity occurs in the private sector where business is conducted by individuals or organizations in order to make a profit?
capitalism
What in an economic system in which most economic activity occurs in the private sector where business is conducted by individuals or organizations in order to make a profit?
capitalism
What occurs when supply and demand are equal?
This would be having exactly enough, but not too much of the product in demand. So basically you would be maximizing profit!
Is Mcdonalds a non-profit or profit?
Starbucks is a for profit company.
What does profit margin mean?
Profit margin means the amount of profit you make measured in a percentage. This can include:Gross Profit marginNet Profit marginMarkup Profit margin
What is the economic system in which most economic activity occurs in the private sector where business is conducted by individuals or organizations in order to make a profit?
capitalism
