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.
u= you
Senate= (the or this)sentence
better=better?
Answer:
A
Explanation:
this convinced the colonists to break from great britain
He was a war general for the Japanese army during world war 2 and is responsible for entering the war since he was in charge of attacking Pearl harbor.
1. England had experienced all of the forerunners of industrialization in the previous century: an agricultural revolution, cottage industry, and an expanded commercial revolution. These developments had built surplus capital and an infrastructure
(shipping, banking, insurance, joint stock companies).
2. England already had a handcraft textile industry using wool, but with the availability of cotton from overseas markets as an alternative raw material.
3. The scientific revolution in England prepared the way for new inventions to be applied to industry.
4. A spreading shortage of wood (used for energy, for shipbuilding and
construction) stimulated a search for alternatives.
5. England was rich in supplies of coal for energy and iron for construction.
6. England had a long, irregular coastline with many rivers and natural
harbors which provided easy transportation by water to many areas.
7. England's population grew rapidly in the 18th century, providing a labor
force for industry.
(Information from http://www2.sunysuffolk.edu/westn/industry.html, might help you out)
