16
QuizMultiple Choice

Opportunity Cost

Question 16 • (Galli)WCA 2221 Civics/Economics 1st nine weeks 26-27

Rescooperate Ice Cream Shop recently analyzed their books. They found that in the past year, they made $100,000 selling ice cream and spent $75,000 on supplies and factory space. The remaining $25,000 represents

Answer
A
profit.
B
loss.
C
revenue.
D
expense.

Explanation

Subtract the $75,000 spent on supplies and factory space from the $100,000 earned from sales: $100,000 − $75,000 = $25,000. Because the shop’s revenue is greater than its expenses, the remaining $25,000 is profit. The correct choice is profit.

AI-written and checked against the verified answer.

Previous
Next