Profit equals the total amount of money made minus expenses. prices. revenue. supply.

Expenses

The money earned or made over a specified time period like a day, a week, month or year is called as revenues.  

The costs that is incurred to make money like buying raw materials, transforming the raw material to finished product, costs incurred in selling the product are known as expenses.

The surplus amount from revenues that is left after deducting all the expenses is known as profit.

Mathematically,

Rearranging we get,

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

answercompetitive advantage;