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Introduction to Economics 1
INTRODUCTION TO ECONOMICS I (İKTİSADA GİRİŞ I) - (İNGİLİZCE) Dersi The Firm and the Cost of Production soru cevapları
INTRODUCTION TO ECONOMICS I (İKTİSADA GİRİŞ I) - (İNGİLİZCE) Dersi The Firm and the Cost of Production soru detayı:
SORU:
What is the difference between total revenue and total cost?
CEVAP:
The objective of a firm that produces a good or service is to maximize its profit, which is the difference between total revenue and total cost.