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QuizMultiple Choice

Microeconomics — Test

Question 1 • Economics

Profit equals the total amount of money made minus

Answer
A
expenses.
B
revenue.
C
prices.
D
supply.

Explanation

Profit is the money left after subtracting the costs of running a business from the money it earns. Those costs are its expenses, so profit equals revenue (money made) minus expenses. “Expenses” is the correct choice.

AI-written and checked against the verified answer.

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