11
QuizMultiple Choice

Case Study: Starting a Business

Question 11 • 2102320-Economics HONORS - Edgenuity Teacher

Profit equals the total amount of money made minus

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

Explanation

Profit is the money earned from sales (revenue) minus the cost of producing the goods or services. Therefore, profit equals the total amount of money made minus the production cost.

AI-written and checked against the verified answer.

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