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What is the formula for finding a firm's profit?
Total Profit = Total Revenue minus Total Costs.
The difference between total revenue and total cost?
profit or loss
How do you caliculate volume of cone?
Volume of a cone = 1/3*pi*radius2*height
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.
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.
What is net profits divided by total assets?
net profit devided by total assets is called return on total asset and formula is as follows: Return on total assets = Net profit / total assets.
How do you caliculate mean age?
Add together the ages of all the objects and divide the sum by the number of objects.
If the market price is 10 the quantity is 100 what is the profit?
To calculate profit, you need to know the total revenue and total costs. Total revenue is found by multiplying the market price by the quantity sold: (10 \times 100 = 1000). Without information on total costs, we cannot determine the profit. If you provide the total costs, I can help you find the profit.
How do you calculate profit when quantity is added?
To calculate profit when quantity is added, you need to subtract the total cost of producing the additional quantity from the revenue generated by selling that quantity. The profit formula is: Profit = Total Revenue - Total Cost. Determine the additional revenue and additional cost associated with the added quantity to calculate the profit accurately.
How do you calculate profit earned per share?
divide the profit total by the number of shares
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).
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.
