Total revenue is the amount a company receives from the sale of their product. Total cost
is the total value of the inputs a company uses to manufacture their product. Profit is total
revenue minus total cost. The goal of a business is to maximize profit.
The role of the financial system is to provide institutions that match one individual's savings with one individual's investment.
direct the savings of households to businesses or other households that want to borrow money. Two markets in the U.S. finan
Running head: COMPARATIVE ADVANTAGE
Indiana Wesleyan University
I have read and understand the plagiarism policy as outlined in the syllabus and the sections in
the Student Catalog relating to the IWU Honesty/Cheating
Consumer tastes result in a shift in the demand curve. If consumers like something, they will buy more. If they
lose interest in an item, they will buy less. A decrease in demand will shift the curve to the left, an increase in
demand shifts the curve to