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Cost is how much is spent revenue is the annual how much u make

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14y ago

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What is the difference between Cost of revenue and revenue?

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The difference between revenue from sales and cost of goods sold?

Difference between revenue from sales and cost of goods sold is called "Gross profit".


What is the difference between cost and revenue?

Revenue is the profit made from an activity, while cost is the price something is.


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What is the relationship between marginal cost and marginal revenue in determining optimal production levels?

The relationship between marginal cost and marginal revenue in determining optimal production levels is that a company should produce at a level where marginal cost equals marginal revenue. This is because at this point, the company maximizes its profits by balancing the additional cost of producing one more unit with the additional revenue generated from selling that unit.


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What is called the difference between the value that an activity generates and the cost of the activity?

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How do you find percent of revenue for cost?

cost/revenue x100%


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What is the relationship between marginal revenue and marginal cost in determining the optimal level of production for a firm?

The relationship between marginal revenue and marginal cost in determining the optimal level of production for a firm is that the firm should produce at a level where marginal revenue equals marginal cost. This is because at this point, the firm maximizes its profits by balancing the additional revenue gained from producing one more unit with the additional cost of producing that unit.