The amount that a firm receives from the sale of goods and services is:
A. total revenue.
B. total cost.
C. total profit.
D. total benefit.
Answer: A
Economics
You might also like to view...
When the government chooses to spend the tax dollars that it collects on homeland security, its choice
A) involves a tradeoff of other goods and services such as education for more homeland security. B) illustrates that scarcity does not always exist. C) involves no tradeoff because the defense is necessary. D) primarily affects who gets the goods and services produced.
Economics
In economic models of the public sector, the median voter model presents an extreme view of the way that the public sector allocates resources
a. True b. False
Economics