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But what exactly is the profit formula? In short, it's the equation that tells you how much money your business is making after you've considered all of your expenses.
Journal of Agricultural and Resource Economics, Vol. 27, No. 1 (July 2002), pp. 94-113 (20 pages) The relationships among cost functions, distance functions, and technical inefficiency are utilized to ...
Muhammad Ali Chaudhary, Mushtaq Ahmad Khan, Kaukab Hassan Naqvi, Munir Ahmad, Estimates of Farm Output Supply and Input Demand Elasticities: The Translog Profit Function Approach [with Comments], The ...