Answer: Profit = Revenue - Production cost.
Explanation:
There is a correlation between the volume produced and sold and its impact on revenue, cost, and profit. These relationships are termed the revenue function, cost function, and profit function. These connections can be represented in terms of tables, graphs, or algebraic equations.
The profit is the difference between revenue and production cost.
Revenue is the product of the price per unit times the number of units sold.
The cost function is composed of the fixed cost component that remains the same despite the volume of units, and the variable cost component times the number of items.
Answer:
It is used to create railroads.
Explanation:
Before the invention of railroads, the only method of travelling from one state to another is by using Caravans. This was very hard to do because it could took months for traders to reach other states by using horses.
The invention of railroads allowed people to reach states at a much faster time. It connected different areas in United States and made it easier for people to distribute their product to another states.
C he threatened to use force on the tariffs in south Carolina
This is the result of the Byzantine culture, the orthodox church was established within the byzantine empire, they took upon the greek alphabet and it widely spread through their missionary works, many eastern European countries adopted the orthodox church and one of them happened to be russia
Free silver is one of the major economic policy started in the late 19th century.
Explanation:
The main objective of free silver movement leads to acceptance of mints and this will lead to the process of silver bullion following a principle that is after processing the silver coin the coins are paid to the depositors . The silver coins' monetary value dependent on government fiat , it did not depend on the commodity value of various content and thus leading to silver strikes and thus the price of the silver fell.
Many organisations wanted inflationary monetary policies that would help debtors to pay their debts at a cheaper rate as well as with dollars that was readily available and those suffered due to this policy were the creditors, they were mainly the landlords and the banks.
