Most societies are driven to make a profit. What is profit? Profit is the amount of money allotted for an item. Profit is someone that spends money on goods and services. Profit is revenue minus loss. Profit is the total amount without any deductions.

Most societies are driven to make a profit. What is profit? Profit is the amount of money allotted for an item. Profit is someone that spends money on goods and services. Profit is revenue minus loss. Profit is the total amount without any deductions.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Most societies are driven to make a profit. What is profit?

	Profit is the amount of money allotted for an item.
	Profit is someone that spends money on goods and services.
	Profit is revenue minus loss.
	Profit is the total amount without any deductions.

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