in a competitive market, what is the difference between revenue and profits, Explain the following in your analysis…”Advances in technology/quality of our inputs have been a major source of...

in a competitive market, what is the difference between revenue and profits, Explain the following in your analysis…”Advances in technology/quality of our inputs have been a major source of productivity growth. The advances (human and nonhuman capital) have shifted production function up and pushed cost curves down? What are the ultimate determinants in supply?