The Total Cost for Producing Units of a Commodity

question 22

Multiple Choice

The total cost for producing units of a commodity is $4.8 million, and the revenue generated by the sale of units is $7.4 million. What is the profit on units of the commodity?

• A) $12.2 million
• B) $1.5 million
• C) $2.6 million
• D) $4.8 million
• E) $7.4 million

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Definitions:

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Marijuana

A psychoactive drug derived from the Cannabis plant, used for medical or recreational purposes.

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