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:
In 1961, President John F. Kennedy appointed Marshall to the United States Court of Appeals for the Second Circuit.
Answer: In 1762,duringthe French and IndianWar,Franceceded French Louisiana west of theMississipiRiver to Spain and in 1763 transferred nearly all of its remaining North American holdings to Great Britain.
Explanation:hope it helps!!
