TheCostsofProductionChapter13Copyright©2001byHarcourt,Inc. Allrightsreserved. Requestsforpermissiontomakecopiesofanypartofthe workshouldbemailedto:PermissionsDepartment,HarcourtCollegePublishers, 6277SeaHarborDrive,Orlando,Florida32887-:’’’sProfitProfitisthefirm’stotalrevenueminusitstotalcost. Profit=Totalrevenue-Totalcost渠批酮坑云缚乳暖陌展翻浚返税勺俯柿匆祈尽糟马物帽筑贵叠嗡刃窝婪粤经济学原理Chap13曼昆TheCostsofProductionCostsasOpportunityCostsAfirm’’’seconomicprofitastotalrevenueminusalltheopportunitycosts(explicitandimplicit).ountingprofitasthefirm’stotalrevenueminusonlythefirm’,,
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