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20-09-2019
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Which of the following is the best definition of "profit"?
A
Profit does not exist in market economies.
B
Profit is what a firm earns by overpricing what is sold to
consumers
C
Profit is the total revenue of a firm minus its production costs.
D
Profit is what a firm earns when it underpays its employees

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20-09-2019

It’s is B that the meaning of it

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20-09-2019

Answer: (C )

Profit is the total revenue of a firm minus its production costs.

Explanation: its not A because because profit does exist in market economies. Its not B or D because its not a definition its a possibility.

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