Economics
Profit= Selling price-Cost of production
Value added= SP-CP
TC(cop)=FC(rent)+VC
TR= P*Q
P=TR-TC
TR>TC= PROFIT / TR<TC= LOSS
TR-TC= BREAKEVEN
AC= TC/N
AD= C+I+G+X
- Created by: [email protected]
- Created on: 17-05-16 16:08
Profit= Selling price-Cost of production
Value added= SP-CP
TC(cop)=FC(rent)+VC
TR= P*Q
P=TR-TC
TR>TC= PROFIT / TR<TC= LOSS
TR-TC= BREAKEVEN
AC= TC/N
AD= C+I+G+X
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