Profit

Question 8 of 10 • EAP-Economics and Personal Finance B

What is the difference between profit and revenue?

Answer

Revenue is the total amount producers receive after selling a good. Profit is the total amount producers earn after subtracting the production costs.

Revenue is the total amount producers earn after subtracting the production costs. Profit is the total amount producers receive after selling a good.

Revenue is the total amount producers pay to manufacture a good. Profit is the total amount producers earn after subtracting the production costs.

Revenue is the total amount producers pay to manufacture a good. Profit is the total amount producers receive after selling a good.

Profit

Profit

Market Structures and Competition