Ask Question
BusinessBusiness
3 December, 09:46

What is the relationship of total costs to profit?

+5
Answers (2)
  1. 3 December, 10:08
    0
    Economists consider the relationship between total revenue profits and total costs when calculating the overall value of a business venture. Total cost calculations provide a method for entrepreneurs to expense the opportunity costs associated with long-term ventures. Total revenue profit calculations provide a broader understanding of how much value business owners are receiving in light of factors that are not visible or easily measured.
  2. 3 December, 10:09
    0
    The relationship of the total cost is the sum of the fixed cost and variable cost.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What is the relationship of total costs to profit? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
When an oligopoly exists how many producers dominate the market
Answers (1)
Assume that overhead is charged on a flat-rate basis. Each member of the project is assigned an overhead charge of $100/week.
Answers (1)
What is market segmentation? List the steps in the market segmentation process.
Answers (1)
A personal business letter may be written by: A. a college student inquiring about a loan. B. a hospital administrator recruiting staff. c. the CEO of a local bank to a customer. D. a sales director congratulating his team on meeting a goal.
Answers (1)
From the appearance of the utility function, we know that 2 a. Britney is risk averse. b. Britney gains less satisfaction when her wealth increases by X dollars than she loses in satisfaction when her wealth decreases by X dollars. c.
Answers (1)
New Questions in Business
One day a supplier supplied 300 units of a good at $20 per unit. A week later the same supplier supplied the same number of units at $10 per unit. Based on this evidence the supplier has experienced: a a decrease in quantity supplied.
Answers (2)
The aims of mercantilists do not include a. achieving power and wealth for the state. b. achieving political and economic unity
Answers (1)
In Japan, it's called kuroi kiri (black mist), in Germany, it's schmiergeld (grease money), Mexicans refer to la mordida (the bite), the French say pot-de-vin (jug of wine), and Italians speak of the bustarella (little envelope).
Answers (1)
Businesses that engage in ultrahazardous activities are strictly liable for any injuries. a. True b. False
Answers (1)
Increasing the amount of credit that is available within an economy is done through? Expansionary monetary policy or contractionary?
Answers (2)
Home » Business » What is the relationship of total costs to profit?
Sign Up Forgot Password?