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

question 80

Multiple Choice

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

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

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Definitions:

Bowlby's Mourning

A theory developed by John Bowlby that describes the process of grief and mourning as a series of stages or phases.

Reorganization

The process of adjusting or rearranging the structure or operation of an organization for improved efficiency or adaptation to new conditions.

Yearning

A deep longing or desire, often for something or someone that is absent or lost.