The difference between the earnings that a firm receives from selling its good or service and the costs of production for the good or service is the
A)marginal benefit
B)opportunity cost
C)utility
D)profit

Name: The difference between the earnings that a firm receives from selling its good or service and the costs of production for the good or service is the A)marginal benefit B)opportunity cost C)utility D)profit
Brand: Quizplus
Rating: 4.8 (39 reviews)

Question

Quizplus · Accepted Answer

The difference between earnings and costs of production is known as profit.

The Difference Between the Earnings That a Firm Receives from Selling