What is cost revenue and profit?
Question
Register Now
Welcome to the ever growing Protoedu family of knowledge seekers and torch bearers. The Protoedu family surpasses the mundane boundaries set by political interests because the Protoeduers (Protoedu family members are fondly known as ) only believe in one concept - Sharing is Growing Asking is Glowing Hearty Welcome once again !!
Leave an answer
Answer ( 1 )
Cost Function, C(x) Total cost of producing the units. Profit Function, P(x) Total Income minus Total Cost. Profit = Income – Cost. P(x) = R(x) – C(x) Marginal is rate of change of cost, revenue or profit with the respect to the number of units.