Profits Occur When Selling Prices Are Higher Than the Costs

question 18

True/False

Profits occur when selling prices are higher than the costs of production.

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Definitions:

Ambiguity

The quality of being open to more than one interpretation; lack of clarity or certainty in meaning.

Output

The amount of something produced by a person, machine, or industry.

Data

Information collected for reference, analysis, or computation, often structured in a way that makes it accessible and useful.

Intended Message

The particular details or feelings a person intends to express to others via communication.