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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #1369796
Introduction to Economics 1 Deneme Sınavı Sorusu #1369796
What is the difference between total revenue and total cost?
What is the difference between total revenue and total cost?
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Production techonology |
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Profit |
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Fixed factor prices |
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Excess revenue |
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Cost |
Yanıt Açıklaması:
Profit is defined as the difference between total revenue and total cost, and the objective of a firm that produces a good or service to sell is to maximize its profit.
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