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.
Answer:
The answer is below
Explanation:
Considering the available options, the correct term that matches their meanings are given below.
1. EXPANSIONIST - a type of policy decision that increases a nation's territory or economy.
2. COROLLARY - ideas added to an already established plan of action.
3. RESCIND - to take back or make voids such as a ruling or decision
Explanation:
Answer:
Butter cookies come from denmark!
Explanation:
B. Labor unions fought the legislation
The 2 rivers acted as common ground between people. they made food and people lived near them, soon communities were built that made a civilization.
