Profit & the Firm The Bottom Line Incentive and reward for risks
{"Image DocumentName": "Profit & the Firm The Bottom Line Incentive and reward for risks", "Image ImageDescription": "Leads to better decision making and greater productivity. Accounting profit = revenue \u2013 costs. Revenue = price x quantity. Costs = Fixed Costs + Variable Costs. Short Run \u2013 at least one resource can\u2019t be changed. Long Run \u2013 all costs , including buildings, can be variable.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}