Increases in revenue will

Name: Increases in revenue will
Brand: Quizplus
Rating: 4.8 (47 reviews)

Question

Quizplus · Accepted Answer

Increases in revenue may or may not affect economic profit, depending on whether the increase in revenue is accompanied by a proportional increase in costs. If both revenues and costs increase proportionally, economic profit will remain unchanged. However, if the increase in revenue is greater than the increase in costs, economic profit will increase, and vice versa.

Increases in Revenue Will