The amount of money that a firm receives from the sale of its output is called
A)total gross profit.
B)total net profit.
C)total revenue.
D)net revenue.

Question

Quizplus · Accepted Answer

Total revenue is the amount of money a firm earns from the sale of its output. It does not take into account any expenses or costs associated with production or operation. Total gross profit is the revenue minus the cost of goods sold, while total net profit is the revenue minus all expenses, including cost of goods sold and operating expenses. Net revenue is the revenue minus any discounts or returns. Therefore, total revenue is the best choice for this question.

The Amount of Money That a Firm Receives from the Sale