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_____ is the positive difference between revenue and costs? 1. Elasticity 2. Volume 3. Net worth 4. Profitability

asked
User Dittimon
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2 Answers

3 votes
the answer is 1. elasticity
answered
User Capcom
by
7.2k points
5 votes

Answer:

Profitability, is the right answer.

Step-by-step explanation:

Profit refers to the positive difference between the total revenue and the total cost. Where total revenue is determined by multiplying the price of the product with the quantity of the commodity. And profit is calculated by following the given formula:

profit= PQ-C (Where P is price, Q is the quantity and C is the total cost).

PQ represents the total revenue.

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