To calculate profit in economics, subtract total costs from total revenue. Profit is the amount left over after all expenses have been paid. It is a key measure of a business's financial success.
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 IS THE PROFIT MAXIMISATION?
To calculate total revenue in economics, multiply the price of a product by the quantity sold. Total revenue Price x Quantity.
profit
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.
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 IS THE PROFIT MAXIMISATION?
To calculate total revenue in economics, multiply the price of a product by the quantity sold. Total revenue Price x Quantity.
profit
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.
We should calculate the profit on sales
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.
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.
net profit/sales
HOW DID I GET HERE I WAS SEARCHING FOR THE ANSWERS FOR A GAME WTH
Gross Profit Margin = Gross Profit/Revenues Net Profit Margin = Net Profit/Revenues
In economics, marginal profit is the difference between the marginal revenue and the marginal cost of producing an additional unit of output.