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

Calculate revenue, Question 1  (9 marks) During the 1990s, technologi...

Question 1  (9 marks) During the 1990s, technological advance reduced the cost of computer chips.  Explain, with the use of supply and demand diagrams, how the following mark

Scitovsky contour, I don''t really understand how scitovsky contour is form...

I don''t really understand how scitovsky contour is formed.

Demand and supply, what is price elasticity of demand ? write briefly with ...

what is price elasticity of demand ? write briefly with explaining it''s type.

Define law of supply, Define law of supply.  Quantity supplied rises as...

Define law of supply.  Quantity supplied rises as price raises, other things constant. In other words, "Other things being equivalent, when the price of a product rises, then s

Economic development, Development: Economic development is the process thr...

Development: Economic development is the process through that a country's economy expands and improves in both qualitative and quantitative terms. Economic development requires co

Explain socio economic development, Question 1: The socio economic deve...

Question 1: The socio economic development of Mauritius has been marked by growth cycles, representing different approaches adopted by Government to meet the internal as well

Economic Question , 4) The prevention of major swings in economic activity ...

4) The prevention of major swings in economic activity can be handled most easily by the A. household sector B. business sector C. financial sector

Effected labor markets, If a minimum wage were imposed below the competitiv...

If a minimum wage were imposed below the competitive equilibrium what would we expect to observe in the effected labor markets?

Labour supply, Labour Supply:Total number of workers available and willing ...

Labour Supply:Total number of workers available and willing to work in a paid position; generally measured by the labour force(even though the labour force usually excludes many wo

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