Which of the following formulas defines profit?
a) [(Price - Variable Costs) x Demand] - (Fixed costs)
b) Price - Demand - (Fixed costs x Variable costs)
c) Price + (Demand - Fixed costs) x Variable costs
d) Price x (Demand - Fixed costs) + Variable costs

Question

12-07-2024
Business

Answered

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Which of the following formulas defines profit?
a) [(Price - Variable Costs) x Demand] - (Fixed costs)
b) Price - Demand - (Fixed costs x Variable costs)
c) Price + (Demand - Fixed costs) x Variable costs
d) Price x (Demand - Fixed costs) + Variable costs

Sagot :

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Which of the following formulas defines profit? a) [(Price - Variable Costs) x Demand] - (Fixed costs) b) Price - Demand - (Fixed costs x Variable costs) c) Price + (Demand - Fixed costs) x Variable costs d) Price x (Demand - Fixed costs) + Variable costs

Sagot :

Other Questions

Which of the following formulas defines profit?
a) [(Price - Variable Costs) x Demand] - (Fixed costs)
b) Price - Demand - (Fixed costs x Variable costs)
c) Price + (Demand - Fixed costs) x Variable costs
d) Price x (Demand - Fixed costs) + Variable costs