Answers FL-2102310-Economics Cumulative Exam — Cumulative examQuestion 16

16

QuizMultiple Choice

Cumulative Exam — Cumulative exam

Question 16 • FL-2102310-Economics

What is the best definition of profit?

Answer

A

Profit is the possible income from producing an additional item.

B

Profit is the price of producing one additional unit of a good.

C

Profit is the additional income gained from selling an additional good.

D

Profit is the financial gain from business activity minus expenses.