Question

TRUE OR FALSE if alternatively karim's hooknladder were a competitive firm and $125,000 were the market price for an engine, decreasing its price from $125,000 to $75,000 would result in a decrease in the production quantity, but an increase in total revenue.

Answer 1

The preceding assertion is untrue if, instead, Karim's HooknLadder was a rival business and the spot price for an engine was $125,000.

What are sales versus profit?

Both provide a critical perspective on your company. Profit refers to operating earnings after excluding expenditures form earnings, whereas revenue refers to income gained via company activities. Sales, fee-based revenue, and property-based income are just a few of the several ways that money might come in.

Income or revenue?

You should be aware that "revenue" refers to the whole amount of money a firm makes before deducting any expenditures when comparing revenue and income. On the opposite hand, "earnings" is determined by deducting corporate expenses like obsolescence, interest, royalties, and other charges from revenues.

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