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Profit is calculated by subtracting costs from?

Profit is calculated by subtracting operating costs from gross revenues.


Profits is calculated by subtracting costs from what?

Profit is calculated by subtracting costs from revenue.


Profit is calculated by subtracting from revenues.?

Profit is calculated by subtracting __costs__ from revenues. Apex answers


Subtracting costs from revenue calculates?

profit


How can one determine and calculate economic profit in a business?

To determine economic profit in a business, subtract total costs (including both explicit and implicit costs) from total revenue. Economic profit is calculated by subtracting all costs, including opportunity costs, from total revenue.


How do you calculate economic profit and what factors are considered in determining it?

Economic profit is calculated by subtracting both explicit costs (such as wages and rent) and implicit costs (such as opportunity costs) from total revenue. Factors considered in determining economic profit include production costs, revenue generated, and the value of alternative opportunities foregone.


How can one determine economic profit by analyzing a graph?

To determine economic profit by analyzing a graph, one can look at the intersection point of the total revenue and total cost curves. Economic profit is calculated by subtracting total costs from total revenue. If the total revenue is higher than total costs, there is economic profit. If total costs are higher, there is economic loss.


Is Economic profit is found by subtracting accounting costs from total revenue?

yes


Economic profit is found by subtracting accounting costs from total revenue?

True


How is gross profit calculated?

Gross profit is calculated by taking your net sales (sales - sales discounts) and subtracting your cost of goods sold.


What accurately explains how profit is calculated?

Costs are subtracted from revenues.


How is economic profit determined and what factors contribute to its calculation?

Economic profit is determined by subtracting all explicit and implicit costs from total revenue. Factors that contribute to its calculation include production costs, opportunity costs, and the competitive environment.