Question

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

Answer 1

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.

Answer 2

The answer is 1. elasticity <span />