based on the figure below, explain how a profit would possibly occur. Total RevenueCTMaximum ProfitLosProfitCyCFD'1D'2DVolume (Demand)Cost and Revenue

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Total Revenue Ст Maximum Profit Los Profit Cv Cr D'2 D Volume (Demand) Cost and Revenue

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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based on the figure below, explain how a profit would possibly occur.

Total Revenue
CT
Maximum Profit
Los
Profit
Cy
CF
D'1
D'2
D
Volume (Demand)
Cost and Revenue

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