Profit v.2

$"Profit" = ( "Price" - "Average Total Cost" )* "Quantity"$

$"Unit Price"$

$"Average Unit Cost. Also referred to as Unit Cost"$

$"Quantity Produced"$

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This Profit calculator computes a company's profit as a function of the average Unit Price, Unit Cost and Quantity Produced. Profit is a firm's total revenue minus its total cost. INSTRUCTIONS Enter the following:

Unit Price
Average Unit Cost
Quantity Produced

The calculator will compute the Profit. Note that the Unit Price, Average Unit Cost and the Profit are all in U.S. Dollars (USD). However, additional units (e.g. Brazilian Real) are available via the pull-down menu.

Resource:

Mankiw, N. Gregory. "Chapter 14:Profit Maximization and the Competitive Firm's Supply Curve." Principles of Microeconomics. 6th ed. Mason, OH: Thomson/South-Western, 2004. 282-89. Print.