Introduction to Economics 1 Deneme Sınavı Sorusu #723097

Which of the following terms can be defined as the difference between total revenue and total cost?


Capital

Output

Input

Opportunity

Profit


Yanıt Açıklaması:

The objective of a firm that produces a good or service is to maximize its profit, which is the difference between total revenue and total cost. Therefore, the correct option is E.

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