If a Business Produces and Sells Only One Unit of a Good

question 17

Multiple Choice

If a business produces and sells only one unit of a good, its profit would be the

• A)price received for the good
• B)price of the product minus the cost of the resources used to produce the product
• C)return paid to the firm's bank on its outstanding loans
• D)price of the product minus the wages paid for the labor used to produce it
• E)wages paid for the labor used to produce the product minus the price

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Definitions:

Pollution Control Device

Equipment or systems designed to reduce or eliminate pollutants emitted from industrial and commercial processes before they are released into the environment.

National Ambient Air Quality Standards

Regulations established by the United States Environmental Protection Agency to limit pollutants in the air to protect public health and the environment.

Primary Standards

Basic, fundamental benchmarks or criteria that serve as the minimum requirements in various fields, including environmental protection and product quality.

National Ambient Air Quality Standards

Levels of air quality deemed safe for the public and environment, established by regulatory agencies to limit pollutants.