In class, we noted that in order to set price for our product, it would be helpful to understand the Profit Equation. What IS that equation?
Answer: Profit = Total Revenue - Total Cost
Test Bank | Multiple Choice Questions | Chapter MC | Solution
Answer: Profit = Total Revenue - Total Cost
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.