For most firms, the revenues the firms earn are _______________ the total wages the firms pay their workers.

Question

Quizplus · Accepted Answer

This is because firms aim to make a profit, and revenue is the total amount of money a firm earns from selling its products or services. If the revenue is less than the total wages paid to workers, then the firm is operating at a loss. Therefore, the revenue earned by the firm should be greater than the wages paid to workers in order to make a profit.

For Most Firms, the Revenues the Firms Earn Are _______________