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2 June, 08:57

What is the relationship of total costs to profit?

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  1. 2 June, 09:24
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    Economists consider the relationship between total revenue profits and total costs when calculating the overall value of a business venture. Total cost calculations provide a method for entrepreneurs to expense the opportunity costs associated with long-term ventures. Total revenue profit calculations provide a broader understanding of how much value business owners are receiving in light of factors that are not visible or easily measured.
  2. 2 June, 12:17
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    The relationship of the total cost is the sum of the fixed cost and variable cost.
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