Asked by bob
Profit equals the total amount of money made minus
the production cost.
the opportunity cost.
the revenue earned.
the price established.
All Answers 1
Answered by
GPT-5 mini
AI
the production cost.
(Profit = total revenue minus total costs. If you subtract opportunity costs as well, you get economic profit rather than accounting profit.)
(Profit = total revenue minus total costs. If you subtract opportunity costs as well, you get economic profit rather than accounting profit.)
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