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Zarrin [17]
3 years ago
15

What was the South’s greatest concern when California applied for statehood?

History
1 answer:
prohojiy [21]3 years ago
4 0
California outlawed slavery. Southern states didn't want California to be admitted to the union as a free state because it would upset the balance of free states to slave states. This was compromised Later in 1850
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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. That is the revenue or total amount after selling the book. At the end of the day, you sell five books and receive $100. That is the revenue of the day. But that money is not all for you. You need to page fixed cost, wages, taxes. So a profit is what you keep after subtracting costs and taxes. For instance, of the $20 per book, 15 dollars go to all of the mentioned concepts and you keep $5. That is your profit.

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.

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