Explain the difference between a firms revenue and its profit. Which do firms maximize?

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Explain the difference between a firm’s revenue and its profit. Which do firms maximize?

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Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

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Question Posted: Dec 14, 2012 06:59 AM

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Explain the difference between a firms revenue and its profit. Which do firms maximize?

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A firms total revenue equals its price multiplied by the quant...View the full answer

Principles of economics

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