bob2407
bob2407 bob2407
  • 24-09-2018
  • Business
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What is the formula to work out profit

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daylanhampton daylanhampton
  • 24-09-2018

The main feature of this lesson is the equation P(x) = R(x) - C(x). Other important equations to remember are as follows: The breakeven point is when revenue equals cost, or when the profit is zero. Maximum profit will occur when marginal revenue equals marginal cost, or when the marginal profit is zero.

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