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Firms are business entities that produce goods or services to generate revenue. Profit is the financial gain that occurs when a firm's total revenues exceed its total costs, reflecting the efficiency and success of its operations. Essentially, profit serves as a key indicator of a firm's performance and viability in the market. It can be reinvested in the business, distributed to shareholders, or used to fund expansion.
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Why do firms produce multiple products?
Firms produce multiple products because the aim is to be a producer that maximizes profit. Firms produce multiple products to get maximum profit.
Why and How Firms Internationalize?
expand sales and increase profit
Microeconomic factors affecting profit making firms?
i dont know what does profit affect microeconomics
Can a monopolistic competitive firm earn long run profit?
In the long run, if a firm is making a profit more firms will enter. This will cause profit to drop. Firms will eventually drop out because of this and economic profit will makes it way to zero(a result of the invisible hand).
In a market economy what is the purpose of all firms?
Maximize profit
Why do firms produce multiple products?
Firms produce multiple products because the aim is to be a producer that maximizes profit. Firms produce multiple products to get maximum profit.
Why and How Firms Internationalize?
expand sales and increase profit
Microeconomic factors affecting profit making firms?
i dont know what does profit affect microeconomics
Can a monopolistic competitive firm earn long run profit?
In the long run, if a firm is making a profit more firms will enter. This will cause profit to drop. Firms will eventually drop out because of this and economic profit will makes it way to zero(a result of the invisible hand).
In a market economy what is the purpose of all firms?
Maximize profit
In a market economy the purpose of all firms is .?
Profit Maximization
Why profit vary among firms?
s vary among firms? support each theory with practical five examples
When a firms revenue from sales exceeds its cost of production it will earn?
Profit
How do profit splits work in prop trading firms?
Profit splits in prop trading firms represent the trader’s share of the profits generated in their funded account. For example, firms like Hola Prime, FTMO, and E8 Markets offer profit splits ranging from 65% to 95%, depending on the firm, payout request, and account type. For instance, if a firm offers a 95% profit split and you earn $100 in profit, you can request $95 as your payout.
What do development firms do?
Development firms speculate on an amount of land to purchase--based on salability--and develop accordingly, in order to maximize profit
If all firms only earn a normal profit in the long run firms will develop new products or lower-cost production methods because they can?
Innovate and possibly earn an economic profit in the short run.
Why do firms use cost price pricing for supply contracts?
They are guaranteed a profit.
