A firm's revenue from selling its product minus the cost of inputs purchased from other firms is called:?

Question

A firm's revenue from selling its product minus the cost of inputs purchased from other firms is called:

A. profits.

B. investment.

C. value added.

D. production costs.

E. intermediate costs.

Answer 1

If inputs whose costs are deducted does not iclue labor wage, rentas and interest, the correct answer is :

C. value added.

If all input costs including wages are deducted from the firm's reveues, the answer would be A. profits

Answer 2

Total revenue - total cost = profits.

Therefore, it's A.

Answer 3

A. profits.