Answer: Revenue is the total amount producers receive after selling a good. Profit is the total amount producers earn after subtracting the production costs.
Explanation:
Revenue is the total amount of income that an economic entity makes after selling a good or service.
On the other hand, the profit is the amount of income that will remain after the production cost and.othee expenses has been deducted. The profit is calculated as:
= Revenue - Cost
Based on the options given, the revenue is the total amount producers receive after selling a good. Profit is the total amount producers earn after subtracting the production costs. The correct option is A.
