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lectur10-page15 - The following equation calculates profit:...

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15 Example: Should a firm produce more ? A firm's net benefit of being in business is PROFIT.
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Unformatted text preview: The following equation calculates profit: PROFIT = TOTAL REVENUE - TOTAL COST...
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This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.

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