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Total revenue and total cost curves?
total cost= total revenue, it is the same thing in different name.
What is the relationship between a firm's total revenue profit and total cost?
A firm's total revenue is the total income generated from selling goods or services, while total cost represents the expenses incurred in the production process. Profit is calculated as the difference between total revenue and total cost. Therefore, if total revenue exceeds total cost, the firm earns a profit; if total cost exceeds total revenue, the firm incurs a loss. This relationship highlights the importance of managing costs and maximizing revenue to achieve profitability.
Profit maximization using Total revenue and Total cost approach?
level of output to look at the total revenue and total cost curve directly
Why total revenue equal to total cost?
No total revenue is total finance in, you need to take from this the running costs of the business to get the gross profit (net sales minus the cost of goods and services sold).
How do you get the total revenue?
Total sales - Cost of goods sold = Revenue
Total revenue and total cost curves?
total cost= total revenue, it is the same thing in different name.
How do you calculate marginal revenue cost by math and graphically and marginal in general?
Profit=Total revenue - Total cost
Profit maximization using Total revenue and Total cost approach?
level of output to look at the total revenue and total cost curve directly
Why total revenue equal to total cost?
No total revenue is total finance in, you need to take from this the running costs of the business to get the gross profit (net sales minus the cost of goods and services sold).
How do you get the total revenue?
Total sales - Cost of goods sold = Revenue
What is the formula for Total Revenue and Total Cost?
Total revenue equals the sale price of products multiplued by the total amount of units sold
How does a firm calculate its profit?
total revenue minus total cost
What is the formula to find the marginal cost?
Marginal Cost = Marginal Revenue, or the derivative of the Total Revenue, which is price x quantity.
The difference between total revenue and total cost?
profit or loss
What is the profit if total revenue is 3000 cost of goods 1500 and total selling expenses are 500?
What would profit be is revenue is $3000, cost of goods are $1500 and expenses are $500
If the total revenue is 3000 cost of goods is 1500 and total selling expense is 500 what is the profit for the business?
If total revenue is 3000, the cost of goods is 1500, and total selling expense is 500 then the profit made is 1000.
What is total revenue?
quantity sold x cost of product
