MANAGERIAL ECONOMICS REDEFINED AND FIRM'S VALUE.PART 2

That the profit equals total revenue(TR)minus total cost(TC) as expressed in the equation =£n,t=1TRt-TCt%(1+i)t.where TRt is firm's totat revenue in year t and TCt total cost in year t.We might query this equation logically as abnittio as apriori.Does it not amount to a blunder of strategic analysis to suggest managers and workers'capability in influencing a firm's value in an astray lacking the mettle to evaluate the possibility and probability of all revenue options available to firms in the marketplace?Is it positive or negative?if positive then it maystrive to reduce its cost and huge gap can be witnessed b\w two curves-cost curve and profit curve.There is a limit to which its marketing managers and sales reps can go to grow total revenues,neither its production managers nor its engineers to practically reduce cost budget to the barest minimum.Not to demystify the velocity of ratio at which capital is procured in the marketplace that is determine by price time investment.Though it's desirable for its