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Biggest profit - PowerPoint PPT Presentation


Introducing...

Introducing...

Introducing. R. What is Business on the Move about? (b) How does the game work?. What do these products have in common?. … These products, along with so many others in our modern world, are made in China and imported into the UK. How do goods get here from China?. Boxed up on pallet.

By zea
(131 views)

Top-earning dead celebrities

Top-earning dead celebrities

The highest-earning celebrities no longer with us.

By merrillebeau
(1437 views)


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Profit

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Profit

Profit

Profit . Profit defined. A typical assumption in all of economics is that firms are profit maximizing entities. This essentially means that if a firm faces several options it will choose the one with the highest profit. In general profit is defined as total revenue minus total cost.

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PROFIT

PROFIT

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Profit. Perfect competition. Profit defined. Total Profit = TR - TC Profit per unit = AR – ATC Subnormal profit Normal profit Supernormal profit.

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PROFIT

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Profit

Profit

Profit. The word profit in economics really means economic profit. Let’s see what this means. Market types. Firms may operate in industries, or markets, that are called perfect competition, monopoly, oligopoly, and monopolistic competition.

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