Profit

Question 1

Profit equals the total amount of money made minus

Revolt · Accepted Answer

expenses.

Question 2

What is the best definition of marginal revenue?

Revolt · Accepted Answer

the additional income gained from selling an additional good

Question 3

Clark’s Cleaners is a housekeeping service. The company’s expenses include the

Revolt · Accepted Answer

cleaning supplies and any equipment the company purchases.

Question 4

Brenda’s Boards manufactures skateboards. Each skateboard sells for $45 and includes the following expenses: $3 for the wheels and mounts, $1 for the plastic board, $1 for the paint, and $10 for the labor. What is the total revenue the company makes after selling 10 boards?

Revolt · Accepted Answer

$450

Question 5

Producers must understand the marginal benefit of making an additional unit, which shows the

Revolt · Accepted Answer

actual gain.

Profit Answers

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