It was located in the middle of the major crossroads.
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.
The <em>N</em><em>orth </em><em>A</em><em>tlantic </em><em>T</em><em>reaty </em><em>O</em><em>rganization </em>(NATO), also known as the North Atlantic Alliance, is an intergovernmental military alliance between 29 North American and European countries.
X_X
What's the role of the World Trade Organisation?
A. To spread Western goods to Eastern nations
B. To spread communist ideas
<u>C. To carry on free trade </u>
D. To encourage trade between small countries