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.
1. The answer is Lincoln won with a minority of popular vote after the Northern and Southern Democratic candidates splitted the votes from the Democrats.
2. The event that started the American Civil War is when the Fort Sumter, located in Charleston harbor, South Carolina, was fired upon. The Confederates was the one who started firing, which happened on April 12, 1861.
I think the answer is false. If Brazil happened to be a segragated country, I believe the United States would have cut all relations with them by now.
