Question

What is the difference between profit and revenue?

What is the difference between profit and revenue?

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.

Answer 1

A.

Step-by-step explanation:

took the test got it right

Answer 2

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

Step-by-step 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.