Revenue is the total amount producers receive after selling a good. Profit is the total amount producers earn after subtracting the production costs.
Jul 09, 2019 · Profit is the total amount producers earn after subtracting the production costs. Revenue is the total amount producers pay to manufacture a good. Profit is the total amount producers receive after selling a good. 1.
The correct answer is A) Revenue is the total amount producers receive after selling a good. Profit is the total amount producers earn after subtracting the production costs. Let's suppose you sell sportsbooks. When you sell one book, you charge $20.
marginal revenue. the income received from selling one additional unit of a good or service. maximize. to make as large as possible. profit. income received from an economic action, minus the costs of taking the action. revenue. the total income received from an economic action.
Profit is the amount left after deducting the expenses from the revenue.
Eben is a mere boy when he enlists in the Army. How is his inexperience obvious when he kills the British soldier? (the book is forge)ill give brainli …
So yes, the difference between profit and revenue is the following: Revenue is the total amount producers receive after selling a good. Profit is the total amount producers earn after subtracting the production costs.
Answer: A. Revenue is the total amount producers receive after selling a good. Profit is the total amount producers earn after subtracting the production costs. Explanation: Revenue alludes to the measure of cash your business is accepting as installments from your clients previously any expenses or costs are deducted.
Revenue is the total amount producers receive after selling a good. Profit is the total amount producers earn after subtracting the production costs.
Marginal cost is the money paid for producing one more unit of a good. Marginal revenue is the money earned from selling one more unit of a good. Brenda's Boards manufactures skateboards. Each skateboard sells for $45 and includes the following expenses: $3 for the wheels and mounts, $1 for the plastic board, $1 for the paint, and $10 for the labor.
Revenue is the total amount producers receive after selling a good. Profit is the total amount producers earn after subtracting the production costs.
Marginal cost is the money paid for producing one more unit of a good. Marginal revenue is the money earned from selling one more unit of a good.
corporations are viewed as a set of legal contracts between different parties.
A manager cannot ascertain the contributions of individual team members in team production.
BestTech Inc. is a publicly traded company that specializes in manufacturing consumer electronics. Which of the following best exemplifies the implementation of a Shared Value creation framework at BestTech Inc.?