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Since you mention you did not study economics, I will make a small note on terminology. "Earn" in economics means profit. What you mean, the way it might be sa
by SomeHacker44 5y ago
Since you mention you did not study economics, I will make a small note on terminology.
"Earn" in economics means profit. What you mean, the way it might be said by economists, is you receive $1000 in revenue. That is, funds you get from customers paying for your product.
To go a bit further, you would "earn" that amount less the costs of providing the product, including amortized costs for its development.
- nandhinianand 5y agoUhh.. this is true.. but it feels like nitpicking.. The OP clearly said the source cost is $1 per treatment.. so it shouldn't make a difference.