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Profits = revenues - expenses

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15y ago

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Related Questions

Economic profits in an industry suggest the industry?

economic profits in a industry suggest the industry


Accounting profits are typically?

greater then economic profits,as accounting profits do not include implicit costs


What is a reasonable profit margin?

what is the difference between reasonable profits and economic profits


What is the economic function of profits and losses?

The economic function of profits and losses is to determine the performance of a company. This is what will contribute to the overall measure of the economy in a region.


Economic function of profits and losses?

Economic profit will never exceed accounting profit. The accountant will calculate total cost using only explicit costs (basically a transfer of money) that the firm makes. On the other hand, .


Can a monopoly earn economic profits in the long run?

Yes


What conditions exist when economic profits are maximized?

Peak performance.


An economic system in which companies compete for profits is known as what?

Capitalism


Can a monopoly earn economic profits in the short run?

yes it is


An economic system in which companies compete for profits is known as?

Capitalism :)


What economic prosperity required reinvestment of profits in capital expansion?

Marx


The word that means economic downturn accompanied by layoffs lagging sales and reduced corporate profits?

The economic downturn accompanied by layoffs, lagging sales and reduced corporate profits in one word means 'recession'. It is a financial crisis and is a part of the economic cycle.

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