Economics coursework

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Issue:

Miscellaneous

 

Written by:

Burton B

 

Date added:

August 25, 2011

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 739

 

Was viewed:

1400 times

 

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Essay content:

So what is profit? Profit can be defined as the excess of total revenue over total cost during a specific period of time. Total revenue being the quantity of output produced times the selling price of a single output and total cost being the quantity of output produced times the cost of a single output...
displayed 300 characters

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Total revenue being the quantity of output produced times the selling price of a single output and total cost being the quantity of output produced times the cost of a single output. In order to achieve maximum profit, oil sellers have to determine the best combination of price and quantity that generates the biggest profit...
displayed 300 characters

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