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24 August, 22:52

What is the relationship of total costs to profit?

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  1. 24 August, 23:58
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    The relationship of the total cost is the sum of the fixed cost and variable cost.
  2. 25 August, 00:29
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    Economists consider the relationship between total revenue profits and total costs when calculating the overall value of a business venture. Total cost calculations provide a method for entrepreneurs to expense the opportunity costs associated with long-term ventures. Total revenue profit calculations provide a broader understanding of how much value business owners are receiving in light of factors that are not visible or easily measured.
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