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:

Body Fluids

Liquids originating from inside the body that play crucial roles in its functioning, such as blood, urine, and saliva.

Thirst

The sensation of needing or desiring to drink fluids.

Need;Drive

Fundamental psychological or physiological requirements that motivate behavior to fulfill a necessity or achieve a goal.

Evolutionary Psychology

A perspective in the social and natural sciences that focuses on understanding psychological structures through the prism of modern evolutionary insights.