What is the difference between profit and revenue?
a> > > > revenue is the tota...
What is the difference between profit and revenue?
a> > > > revenue is the total amount producers receive after selling a good. profit is the total amount producers earn after subtracting the production costs.
b> > > > > revenue is the total amount producers earn after subtracting the production costs. profit is the total amount producers receive after selling a good.
c> > > > revenue is the total amount producers pay to manufacture a good. profit is the total amount producers earn after subtracting the production costs.
d> > > > 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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