2 years ago

Which is correct when finding profit?

1 answer:

3 0

Hi there! The revenue is the amount of money you make. However, you have to subtract the costs, because you have to buy different things, so you won't get 100% of the revenue. You would have to subtract costs from the revenue to get your profit. Therefore, the answer is A: revenue - costs = profit.

You might be interested in

The marginal utilities associated with the first 5 units of consumption of good Y are 15, 15, 10, 7, and 3, respectively. What i

julsineya [31]

Answer:

Total utility is 50

Explanation:

Mathematically;

TU = U1+MU2+MU3+MU4+MU5

TU = Total utility

U1= utility of 1st product of good Y

MU2= Marginal utility of 2nd product of good Y.............

MU5= Marginal utility of 5th product of good Y

Solution:

TUy= 15+15+10+7+3

TUy= 50.

6 0

2 years ago

A firm estimates its average total cost at 90 units of output to be $15. If the firm can sell all of its output at a market pric

SSSSS [86.1K]

Answer:

435

Explanation:

5(90)=450-15=435

8 0

1 year ago

Marcy and Liz developed a new jewelry design. They were fortunate to get the attention of a large online retailer who was willin

Tju [1.3M]

The retailer was asking the designers to agree to Exclusive distribution.

Explanation:

Exclusive distribution is characterized as the arrangement under which a participant is a supplier and provider. It specifies that the seller can not offer their service or item to some other group. It attaches the contract that the commodity must be distributed to an exclusive seller. The retailer asks developers for exclusive supply as per the situation specified in the discussion. Retailer does not want the jewelry design to be sold to any other outlet or retailer for successful sale. Thus agreement on this matter is suggested by the retailer.

3 0

3 years ago

What is one course of action available in every problem solving process

Sonja [21]

Choose to do nothing about the problem is always a course of action.

4 0

2 years ago

Read 2 more answers

When a firm tries to place its products or services in as many outlets as possible, the density of distribution is referred to a

kompoz [17]

This is intensive distribution. This marketing strategy allows the company to get its product to as many customers as possible. This is in contrast to selective or exclusive distribution methods, in which a company tries to be specific about the markets and persons who are targeted by the product.

5 0

2 years ago