To calculate profit, producers subtract total costs from total income.
This is a basic premise of cost theory. Total revenue is obtained by multiplying the price by the quantity sold. The total cost is the multiplication of the cost of each unit by the quantity.
Profit is the decrease in revenue by cost.
Answer:
1. mid Pacific Ocean
2. 11:00 pm
3. 9:00 am the next day
4. When two different cities are in different time zones then you have to figure out about which time zone they are in
Independent
because they’re not a liberal or conservative
