A firms profit pi is the difference between its total
A firm's profit, π , is the difference between its total revenue TR and its total costs TC. If TR = f (Q) and TC = g(Q) write the profit function and find the firm's marginal profit. What is the economic interpretation of marginal profit?
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a firms profit pi is the difference between its total revenue tr and its total costs tc if tr f q and tc gq write
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