Profit is ____.
a. The difference between marginal costs and total revenue.
b. The difference between the revenue earned and the cost of providing a service.
c. The total amount of revenue a firm earns from selling its product.
d. The total revenue earned plus income from investments.

Question

04-07-2024
Business

Answered

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Profit is ____.
a. The difference between marginal costs and total revenue.
b. The difference between the revenue earned and the cost of providing a service.
c. The total amount of revenue a firm earns from selling its product.
d. The total revenue earned plus income from investments.

Sagot :

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