3 years ago

_____ is the positive difference between revenue and costs? 1. Elasticity 2. Volume 3. Net worth 4. Profitability

Social Studies

2 answers:

Effectus [21]3 years ago

4 0

Answer:

Profitability, is the right answer.

Explanation:

Profit refers to the positive difference between the total revenue and the total cost. Where total revenue is determined by multiplying the price of the product with the quantity of the commodity. And profit is calculated by following the given formula:

profit= PQ-C (Where P is price, Q is the quantity and C is the total cost).

PQ represents the total revenue.

Crank3 years ago

3 0

The answer is 1. elasticity <span />

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