Profit Is the Difference Between

question 56

Multiple Choice

Profit is the difference between:

• A)total output and total cost.
• B)total revenue and total cost.
• C)total revenue and total sunk cost.
• D)total output and total sunk cost.
• E)total revenue and opportunity cost.

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Definitions:

Stock Index

A statistic that reflects the composite value of a selected group of stocks, representing their aggregate performance.

Dividend

A corporation's distribution of earnings to its shareholders, usually made as a payment.

Soybean Future

A contractual agreement for the future delivery of soybeans at a predetermined price, used for hedging and speculating in the commodities market.

Wheat Spot Price

The current price at which wheat can be bought or sold for immediate delivery.