Economic Profit = Total Revenue - Total Costs
= Quantity * Price - Quantity * Average cost
= Q(P- AC)
Since economic profit is positive, it can be mentioned that P- AC is positive which tells us that P>AC or price is greater than Average cost.
What you mean by economic profit?
- The difference between the money made from selling an output and the price of all the inputs plus any opportunity costs is what is known as an economic profit or loss.
- Economic profit is determined by subtracting opportunity costs and explicit costs from earned income.
What is the role of economic profit?
- Economic profit is important since it makes it possible to evaluate the profitability and financial performance of a company.
- It demonstrates a company's ability to pay its bills and generate profit for its investors. By this standard, brands are only deemed successful when they generate income for all parties.
Learn more about economic profit
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Answer:
"a nonprofit-making money cooperative whose members can borrow from pooled deposits at low interest rates."
Answer: Family brand
Explanation:
Family branding also known as Umbrella branding is a marketing tactic that involves the use of one brand name for the selling two or more related goods. All the products use identical means of identification without having additional symbols or brand names.
An example of family branding is Apple whereby every of its products make use of the Apple brand. Using the Apple brand makes customers easily identify its products. Other examplesof family brand are Johnson & Johnson and Tata Group.
Answer:
<h2>
13/25</h2><h2>
0.52</h2><h2>
52%</h2>
Explanation:
13:25 is just a fraction (13/25)
13:25= 0.52 (decimal)
So when you divide 13 by 25, you get 0.52. To make that into a percentage, you just multiply it by 100 (move the decimal over 2 places to the left). That gives you 52%
Answer:
family insurance and life insurance