What Equation Shows Organizations the Relationship Between Price and Profit

question 131

Multiple Choice

What equation shows organizations the relationship between price and profit?

• A) Total Variable Costs + Total Fixed Costs = Sales − Profit
• B) Price = Profit per Item × Number of Units Sold
• C) (Price × Quantity Sold) − Total Costs = Profits
• D) (Price − Profits) × Total Costs = Sales
• E) Total Costs = (Price × Quantity Sold) − Profits

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Definitions:

Marx

A philosopher, economist, and social scientist known for his critical analysis of capitalism and his theories concerning class struggle, historical materialism, and the labor theory of value.

Dialectics

A method of argument or inquiry that involves a dialogue between contrasting ideas or theories to arrive at a higher truth or synthesis.

Totality

In critical theory, refers to the analysis of society as a whole, including its various interrelated components, rather than focusing on isolated parts.

Synchronicity

Synchronicity is a concept introduced by Carl Jung that refers to events that are meaningfully related, yet lacking a causal relationship, suggesting a deeper order in the universe.