Cost volume profit (CVP) compared to the economic profit maximising pricing model
The questions below explore the differences between the economic profit maximising pricing (EPM) model and the CVP model discussed earlier.
i. How does the total revenue function in the EPM model differ from that in the CVP model?
ii. How does the total cost function in the EPM model differ from that in the CVP model?
iii. How is volume related to profit maximisation in the CVP model? How does this compare to the EPM model?

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The Answer of Cost volume profit (CVP) compared to the economic profit maximising pricing model
The questions below explore the differences between the economic profit maximising pricing (EPM) model and the CVP model discussed earlier.
i. How does the total revenue function in the EPM model differ from that in the CVP model?
ii. How does the total cost function in the EPM model differ from that in the CVP model?
iii. How is volume related to profit maximisation in the CVP model? How does this compare to the EPM model?

Cost Volume Profit (CVP) Compared to the Economic Profit Maximising