what is the difference between profit and revenue?○ revenue is the total amount producers receive after…

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.

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

Brief Explanations:

Revenue refers to the total money a producer gets from selling goods, with no costs subtracted. Profit is what remains after subtracting all production costs from that revenue. The first option correctly matches these definitions, while the others mix up the terms or misdefine them.

Answer:

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