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Asked in Economics
When profit is maximized in a perfectly competitive firm?
At the output level at which the slopes of the total revenue and total cost curves are equal, provided the firm is covering its variable cost ...
Asked in Economics, Sales and Customer Service, Algebra
What happens when the slope of the total revenue curve is equal to the slope of the total cost curve?
a. monopoly profit is maximized. b. marginal revenue equals marginal cost. c. the marginal cost curve intersects the total average cost curve. d. the total cost curve is at its minimum. e. Both A and B ...
What is the difference between shareholder's wealth maximization and shareholder's profit maximization?
Wealth is the accumulation of profit so it might seem that the two are maximized in the same way. But there are differences. Some examples: - Profit may be taxed. So wealth is maximized by maximizing the net of profit minus tax impacts which may occur in the future. - Increased value of an investment would add to wealth but would not show up as profit until the investment is sold. -Wealth may be obtained in ways other than profit. Receiving a...
What is difference between gross profit and net profit?
gross profit is the the total amount you get after selling an item before you subtract the total expenses or costs uncured. net profit is the gross profit minus expenses. ...
Asked in Windows 7
When you click on a new page it always opens in the minimized What do you have to do to have it open maximized?
you open it maximized and close it maximized. This does not answer my question. If I want to open a new page it opens minimized not max. So my question is: What do I have to do to make a new page open maximized? ...
Asked in Investing and Financial Markets
What is the Difference between Normal profit and Economic Profit?
In economics, normal profit is often called the break-even point. It is the level of profit where all of the costs of your business, including the salary of the CEO, are covered. When a firm has normal profit but not economic profit, the total revenue of the firm equals the total cost of the firm. However, if a firm has economic profit, total revenue is higher than total cost. ...
What is Profit maximization principle?
The profit maximization principle stresses on the fact that the motive of business firms to maximize profit is solely justified as being a method of maximizing the income of their shareholders. Firms may maximize profit by maximizing sales, stock price, market share or cash flow. In order to achieve maximum profit the firm needs to find out the point where the difference between total revenue and total cost is the highest. The rules that apply for profit maximization are: i. increase output as...
Asked in Jobs & Education
Differentiate between normal profit and economic profit?
Economic profit is when revenue exceeds total cost of inputs. Normal profit, on the other hand, is net profit less costs. ...
How do i calculate percent profit?
The answer will depend on profits as a percentage of what! As a percentage of revenue, it would be 100*(Total Revenue - Total Costs)/Total Revenue In example (as given in discussion page) Total Revenue = 236,000 Total Costs = 173,000 Total Profit = Total Revenue - Total Costs = 63,000 So percentage profit = 100*63,000/236,000 = 26.7% (approx). ...
How do you calculate restaurant profit?
Restaurant Gross profit = Total generated revenue - total costing *total costing = fixed assets, stock in hand, manpower, utilities, rental and maintenance. *Gross profit=Revenues-Variable costs-fixed costs ...
Asked in Business Accounting and Bookkeeping
What is statement of profit or loss?
A statement of profit and loss is the business income and expense statement which sumarises the total income and expenses coming to the total profit (or loss) of the business which is the defference between the income and expenses. ...