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Humanizer
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Academy - Economics and Personal Finance
Unit Test
Question 9
9
Quiz
Multiple Choice
Unit Test
Question 9 of 25 • Academy - Economics and Personal Finance
What is the difference between profit and revenue?
Answer
R
Revenue is the total amount producers receive after selling a good. Profit is the total amount producers earn after subtracting the production costs.
R
Revenue is the total amount producers earn after subtracting the production costs. Profit is the total amount producers receive after selling a good.
R
Revenue is the total amount producers pay to manufacture a good. Profit is the total amount producers earn after subtracting the production costs.
R
Revenue is the total amount producers pay to manufacture a good. Profit is the total amount producers receive after selling a good.
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