The granting or regulation of licenses, as for professionals.
A bilateral is a formal agreement between two or more governments!
The net profit over time and the cost of the investment make up the two metrics that comprise return on investment.
<h3>Return on Investment (ROI): How Is It Calculated?</h3>
Divide the profit from an investment by the investment's cost to get return on investment (ROI). The ROI, or percentage return on investment, for an investment with a profit of $100 and a cost of $100, for instance, would be 1, or 100%. Despite being a quick and simple method to gauge an investment's effectiveness, ROI has some significant drawbacks. The time value of money, for instance, is not taken into account by ROI, and it can be challenging to effectively compare ROIs because certain investments will take longer to turn a return than others.
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Answer:
a. Average total cost minus average fixed cost.
Explanation:
- Total cost of production (TC) can be expressed as the sum of two elements: total fixed cost (F) -those cost that do not vary with output level - and total variable cost (V) - which are those cost that vary with the level of production.

- Average total cost (ATC) is simply the division of total cost by the output produced (Q):
. - Average variable cost (AVC) is the division of variable cost by the output produced:
. - Then, average variable cost can be obtained by :
- dividing the total variable cost by output (option c) or
- subtracting to average total cost the fixed average cost (
), (option a).
It is a good way of keeping up with your fianances