refer to the diagram.
refer to the diagram.
refer to the diagram.
Refer to the diagram. Refer to the diagram.
The firm is making money. The firm should produce.
the firm is making money. refer to the diagram. The firm is making money. The firm should produce.
The diagram is a handy tool for illustrating the relationship between profits and costs. Profit is the amount of money you make for each customer you serve. If you sell a good you’re making profit. If you sell a good you’re making profit. A customer who buys a car is making profit. A customer who buys a car is making profit. A customer who buys a car is making profit. The firm should produce. The firm should produce. The firm should produce. the firm should produce.
It’s a useful diagram for understanding the relationship. So, if you make $30,000 per hour your profit is $30,000 per hour. If you sell widgets for $10,000 per widget you make $10,000 per widget in profit, and if you sell widgets for $10,000 per widget you make $10,000 per widget in profit.
The key to maximizing profits or minimizing losses is making sure you sell the best widgets. If you are making widgets for 10,000 per widget, you are making the maximum profit. If you are making widgets for 20,000 per widget, your profit is 20,000 per widget. The more widgets you sell, the more profit you experience.
Remember that the more widgets you sell, the more profit you experience. If you sell widgets for 10,000 per widget, you make 10,000 per widget in profit. If you sell widgets for 20,000 per widget, your profit is 20,000 per widget. In this case, increasing your sales by 20,000 per widget will increase your profit by 20,000 per widget.
