14
QuizMultiple Choice

Case Study: Starting a Business — Quiz

Question 14 • CMS 2026-2027 Economics and Personal Finance INITIAL CREDIT

Profit equals the total amount of money made minus

Answer
A
the price established.
B
the revenue earned.
C
the opportunity cost.
D
the production cost.

Explanation

Profit is the money left after subtracting the cost of producing goods or services from the money earned through sales. Therefore, profit equals the total amount of money made minus the production cost, choice C.

AI-written and checked against the verified answer.

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