Question

How do i find the profit or loss?

Answer 1

For example if my quantity is 2, price is 400, total revenue is 800, marginal revenue is 391, total cost s 940, marginal cost is 260, how do i find the profit or loss?

Answer 2

@domebotnos

Answer 3

do you still need this?

Answer 4

Profit/Loss= Total Revenue-Total cost. If Total cost is greater than Total Revenue its Loss. If Total cost is less than Total Revenue its Profit. Profit is maximum when Marginal Revenue=Marginal Cost.