The amount that a firm receives from the sale of goods and services is called:
A) total cost.
B) total revenue.
C) profit.
D) maximum profit.
Correct Answer:
Verified
Q8: Total cost includes:
A)one-time expenses and ongoing expenses.
B)one-time
Q9: Total revenue can be defined as:
A)the amount
Q10: Total cost can be defined as:
A)the amount
Q11: A college student is thinking about running
Q12: Which of the following would be considered
Q14: Economists assume the central goal of any
Q15: Suppose Chip's Chips produces bags of potato
Q16: Total revenue is:
A)the amount that a firm
Q17: A college student is thinking about running
Q18: _ would be considered a one-time expense
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