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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #723097
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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