Which of the Following Is Not Associated with the Concept

question 59

Multiple Choice

Which of the following is not associated with the concept of profit?

• A)Rewards for risk-taking.
• B)Rewards for innovation.
• C)Monopoly returns.
• D)Implicit returns to factors supplied by owners.
• E)All of the above are related to the concept of profit.

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Definitions:

Variable Costs

Costs that vary directly with the level of production or output, such as raw materials and labor expenses.

Exponentiation

A mathematical operation involving two numbers, the base and the exponent, indicating how many times the base is multiplied by itself.

Principle Amount

The original sum of money borrowed in a loan or put into an investment.

Time

A continuous, measurable quantity in which events occur in a sequence from the past through the present to the future.