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What is the relationship between a firm’s total revenue, profit and total cost?

2006-11-30 08:11:35 · 2 answers · asked by haqasim 1 in Education & Reference ➔ Homework Help

2 answers

revenue = profit + total cost

2006-11-30 08:12:52 · answer #1 · answered by Sharp Marble 6 · 0⤊ 0⤋

total revenue less total cost equals profit

2006-11-30 08:16:30 · answer #2 · answered by ladybird 3 · 1⤊ 0⤋

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