Dealt with the profit function defined

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In class we have dealt with the profit function defined as:

Profit = sales price * quantity sold – cost per unit * quantity produced

With regard to this profit function, write a paragraph to explain why microeconomics is important to businesses and their profits.

With regard to this profit function, write a paragraph to explain why macroeconomics is important to businesses and their profits.

Reference no: EM131385477

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