In economics,the difference between a firm's revenues and its costs is referred to as
A)physical capital.
B)profit.
C)capital gains.
D)factor payments.

Question

Quizplus · Accepted Answer

Profit is the difference between a firm's revenues and its costs. Physical capital refers to the physical assets used in production, capital gains refer to an increase in the value of an asset, and factor payments refer to payments made to inputs used in production such as wages and rent.

In Economics,the Difference Between a Firm's Revenues and Its Costs