Question

what profit earn when total revenue and total cost are equal?​

Answer 1

Answer:

Total profit is determined by subtracting total costs from revenues. Total revenue is determined by multiplying the price received for each unit sold by the number of units sold. Total revenue profits are a product of subtracting total costs from total revenue.

Explanation:

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Answer 2

Answer:

Economic profit occurs when total revenue is greater than total cost. Normal profit occurs when total revenue is equal to total cost. ... If the firm is not at the output where marginal revenue equals marginal cost, then the firm can increase profit by changing the level of output.

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