If a business produces and sells only one unit of a good, its profit would be the
A)price received for the good
B)price of the product minus the cost of the resources used to produce the product
C)return paid to the firm's bank on its outstanding loans
D)price of the product minus the wages paid for the labor used to produce it
E)wages paid for the labor used to produce the product minus the price

Question

Quizplus · Accepted Answer

In this scenario, the profit would simply be the price of the product minus the cost of the resources used to produce it. This is because there is no consideration for wages or loans paid, as there is only one unit being produced and sold.

If a Business Produces and Sells Only One Unit of a Good