Profit, Microeconomics

Assignment Help:

Profit: This is surplus left over after a company sells its output and pays off cost of production (which includes raw materials, labour costs and a proportional share of its capital equipment). Its calculation is: revenue - cost = profit.


Related Discussions:- Profit

Economic planning, How does planning serve as a solution to economic proble...

How does planning serve as a solution to economic problems?

Revealed preference theory, discuss the revealed preference theory of consu...

discuss the revealed preference theory of consumer behaviour

What is methodological economics, What is methodological economics? how its...

What is methodological economics? how its significance, Describe use of methodological economics...

Gdp growth, GDP Growth, Employment and Poverty: The advocates of econo...

GDP Growth, Employment and Poverty: The advocates of economic reforms point out that the reform process has the potential of accelerating economic growth. After the teething t

Supply and demand, #questioIn many metropolitan areas of the country, local...

#questioIn many metropolitan areas of the country, local governments often impose rent controls on apartments. The justification for doing so is that the current market rent is con

Demand and Supply changes, The price of oil increases because OPEC reduces ...

The price of oil increases because OPEC reduces oil production

Market structers, what are the majotr sources of monopoly

what are the majotr sources of monopoly

Monopsony, advantages and disadvantages

advantages and disadvantages

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd