The profit of a producer is the difference between
...The profit of a producer is the difference between
Total cost and marginal cost
Total revenue and total cost
Average cost and total cost
Price and total cost
Correct answer is B
Total profit is determined by subtracting total costs from revenues. Total revenue is determined by multiplying the price received for each unit sold by the number of units sold.
The real value of money is ...
Which of the following is NOT true of debentures and debenture holders ...
One way of solving the problem of scarcity that faces the individuals is for ...
If goods were free, a rational consumer would consume ...
When a firm is enjoying internal economies of scale, its? ...
A free trade area emerges when ...
When a nation is experiencing balance of payment surplus, it is in a better position to ...
1. Climate and availability of water largely determines the pattern of the population distrib...