, DSC1520 ASSIGNMENT 1- SEMESTER 1- 2023
Q1
c. Profit is the surplus remains after total revenue have been deducted from total costs.
This statement is true. Profit is calculated by subtracting total costs from total revenue.
It represents the amount of money a company has left over after all expenses have
been paid.
Q2.
TC = FC + L * VC
3900 = 345 + L * 65
L = (3900 - 345) / 65 = 55
Option a. 55.
Q1
c. Profit is the surplus remains after total revenue have been deducted from total costs.
This statement is true. Profit is calculated by subtracting total costs from total revenue.
It represents the amount of money a company has left over after all expenses have
been paid.
Q2.
TC = FC + L * VC
3900 = 345 + L * 65
L = (3900 - 345) / 65 = 55
Option a. 55.
