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

Elasticity, discuss how cross of demand is useful in categorizing commoditi...

discuss how cross of demand is useful in categorizing commodities

Is it possible for a firm to be price taker and price maker, Is it possible...

Is it possible for a firm to be both Price taker and price maker?  A firm can either be a price taker or a price maker. It cannot be price maker and price taker at the similar

Describe consumer price index, Q. Describe Consumer Price Index? Consum...

Q. Describe Consumer Price Index? Consumer Price Index:Consumer price index (CPI) is a measure of overall price level paid by consumers for various services and goods they purc

Market , What is a Market? Markets A geographically stated area wh...

What is a Market? Markets A geographically stated area where buyers and sellers interact or communicate to decide the price of a product or a series of products. Marke

Maneferial, Plot the demand schedule and draw the demand curve for the data...

Plot the demand schedule and draw the demand curve for the data given for Marijuana

Supply analysis, what is the explanation about supply analysis?How to under...

what is the explanation about supply analysis?How to understand?

Fluctuations in growth rates - estimation of national income, Fluctuations ...

Fluctuations in Growth Rates: Fluctuations in year-to-year growth rates in early stages were very marked, which indicated that the economy had failed to create conditions cond

Production cost, how can draw the table and diagram of production function ...

how can draw the table and diagram of production function function with one veriable

Average fixed cost, Average Fixed Cost (AFC): AFC is the fixed cost per uni...

Average Fixed Cost (AFC): AFC is the fixed cost per unit of output. AFC = TFC/y Since the TFC is constant throughout the short run, as y increases AFC will decline. Therefore

Marginal utility approach, using the marginal utility approach discuss how ...

using the marginal utility approach discuss how economic theory explains the optimum pattern of consumption for an individual consumer

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