Answers OR-Grade 8 US History Making Spending Decisions — Cumulative examQuestion 2

2

QuizMultiple Choice

Making Spending Decisions — Cumulative exam

Question 2 • OR-Grade 8 US History

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.

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