Tag: Economic Profit

Economic Profit or Loss Calculation Q Alternative Formula Output FC AFC=FC/Q VC AVC = VC/Q ATC=AFC+AVC TC=FC+VC MC= ∆ TC/ ∆ Q MR=P TR=PXQ Economic Profit = TR – TC Profit = (P-ATC)XQ 0 100 100.00 1 100 100.00 90…