How Do Economists View Profits

question 200

Multiple Choice

How do economists view profits?

• A) Profits are an asset the business holds.
• B) Profits are one of the costs paid to a factor of production.
• C) Profits are guaranteed as long as a firm operates ethically.
• D) The firm's profit equals the sum of all payments to the 5 factors of production.

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Definitions:

Red Bone Marrow

The type of bone marrow that produces blood cells, including red blood cells, white blood cells, and platelets.

Proximal Epiphyses

The end parts of a long bone that are closest to the body's center, involved in growth and development.

Red Bone Marrow

A tissue found within bones that produces new blood cells, including red blood cells, white blood cells, and platelets.

Adult Skeleton

The complete framework of bones in an adult human, typically consisting of 206 bones, providing support and protection for the body's organs.