ECONOMICS
PROFIT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Revenue is the total amount producers receive after selling a good. Profit is the total amount producers earn after subtracting the production costs.
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Revenue is the total amount producers earn after subtracting the production costs. Profit is the total amount producers receive after selling a good.
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Revenue is the total amount producers pay to manufacture a good. Profit is the total amount producers earn after subtracting the production costs.
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Revenue is the total amount producers pay to manufacture a good. Profit is the total amount producers receive after selling a good.
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Detailed explanation-1: -What is the difference between profit and revenue? Revenue is the total income a business generates through its sales. Profit is the portion of that income that remains after subtracting that company’s operating costs, debts, taxes, and any other expenses it incurs in the interest of generating revenue.
Detailed explanation-2: -Revenue is the total amount of income generated by the sale of goods or services related to the company’s primary operations. Profit, which is typically called net profit or the bottom line, is the amount of income that remains after accounting for all expenses, debts, additional income streams, and operating costs.
Detailed explanation-3: -Revenue is the total amount producers receive after selling a good. Profit is the total amount producers earn after subtracting the production costs.
Detailed explanation-4: -The difference between the revenue and cost (found by subtracting the cost from the revenue) is called the profitThe difference between revenue and cost when revenue exceeds the cost incurred in operating the business..