If a business produces and sells only one unit of a good, its profit would be th
ID: 1222495 • Letter: I
Question
If a business produces and sells only one unit of a good, its profit would be the
a.
price received for the good
b.
price of the product minus the cost of the resources used to produce the product
c.
return paid to the firm's bank on its outstanding loans
d.
price of the product minus the wages paid for the labor used to produce it
a.
price received for the good
b.
price of the product minus the cost of the resources used to produce the product
c.
return paid to the firm's bank on its outstanding loans
d.
price of the product minus the wages paid for the labor used to produce it
Explanation / Answer
price of the product minus the cost of the resources used to produce the product
price of the product minus the cost of the resources used to produce the product
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.