Answers Economics N/A — ExamQuestion 3

3

QuizMultiple Choice

N/A — Exam

Question 3 • Economics

What is the best definition of profit?

Answer

A

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

B

Profit is the possible income from producing an additional item.

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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