Profit equation of the firm
Revision as of 16:06, 9 January 2013 by Professional Pricing Society (talk | contribs) (Created page with "'''Profit equation of the firm''' is the quantity sold times the difference between the price at which that quantity is sold and its variable cost ...")
Profit equation of the firm is the quantity sold times the difference between the price at which that quantity is sold and its variable cost to produce, less the firm’s fixed costs.