Question 1 of 30
A company is analyzing its profit model defined by the equation \\( P = R - C \\), where \\( R \\) represents revenue and \\( C \\) represents costs. If the company expects a revenue of \\( R = 1200 \\) and costs of \\( C = 900 \\), what is the elasticity of profit with respect to revenue, assuming the sensitivity of profit to revenue is \\( \\frac{\\partial P}{\\partial R} = 1 \\)?
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