In economics, the total amount received for selling a good or service is referred to as

A) revenue.
B) profit.
C) capital gains.
D) factor payments.

Answer: A

Economics

You might also like to view...

Structural unemployment may result from all of the following factors EXCEPT

A) improved elementary and secondary education. B) union wage contracts. C) government-imposed licensing arrangements that restrict entry into certain professions. D) welfare and unemployment benefits.

Economics

If as output increases average product increases, then ________

A) average total cost decreases B) average fixed cost decreases C) marginal cost decreases D) average variable cost decreases

Economics