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How do you define a control in economics?
A control in economics means a steady profit rate that is increasing. So after one year you could have £1mill profit then the next year £3mill profit etc.
What are the policies on profit and maximization in manegerial economics?
WHAT IS THE PROFIT MAXIMISATION?
How can one calculate the total revenue in economics"?
To calculate total revenue in economics, multiply the price of a product by the quantity sold. Total revenue Price x Quantity.
What are its chief characteristics of business economics?
profit
How can one calculate the average cost in economics?
To calculate the average cost in economics, you divide the total cost by the quantity of goods produced. This gives you the cost per unit, which is the average cost.
How do you define a control in economics?
A control in economics means a steady profit rate that is increasing. So after one year you could have £1mill profit then the next year £3mill profit etc.
What are the policies on profit and maximization in manegerial economics?
WHAT IS THE PROFIT MAXIMISATION?
How can one calculate the total revenue in economics"?
To calculate total revenue in economics, multiply the price of a product by the quantity sold. Total revenue Price x Quantity.
What are its chief characteristics of business economics?
profit
How can one calculate the average cost in economics?
To calculate the average cost in economics, you divide the total cost by the quantity of goods produced. This gives you the cost per unit, which is the average cost.
Should you calculate the profit on cost or Sales?
We should calculate the profit on sales
What is the Muslim final profit called?
If you mean "prophet" please see the Related Question. Islamic economics is not supposed to generate interest, but profit is certainly acceptable. There is no specific term for final profit derived from a business that is peculiar to Islamic economics.
What is the importance of micro economics in the study of managerial economics?
its a economics for decision making where we have to be very optimize and implement those situation which will be helpful in profit maximization in our businees effectively and efficiently since the micro economics explains the concepts like demnd,production ,supply analysis,so that it maximises the profit.
How do you calculate profit margin ratio?
net profit/sales
Formula to calculate gross profit?
HOW DID I GET HERE I WAS SEARCHING FOR THE ANSWERS FOR A GAME WTH
How do you calculate profit margins?
Gross Profit Margin = Gross Profit/Revenues Net Profit Margin = Net Profit/Revenues
What is marginal profit?
In economics, marginal profit is the difference between the marginal revenue and the marginal cost of producing an additional unit of output.
